SML Mahindra Approves Rights Issue Up to ₹1450 Crore

SML Mahindra Limited's Board of Directors has approved a Rights Issue to raise funds not exceeding ₹1450 Crore. The fully paid-up equity shares will be issued to eligible shareholders as of a to-be-determined record date. The detailed terms, including issue price and entitlement ratio, will be decided by the Board or a Rights Issue Committee. This move is subject to regulatory and statutory approvals.