Mahindra and Mahindra Financial Services Ltd (Mahindra Finance) is preparing to raise as much as Rs2,000 crore equity capital, said two people aware of the development. Non-banking financial company (NBFC) Mahindra Finance provides auto loans primarily for purchasing tractors, utility vehicles and cars. Mahindra and Mahindra Ltd, India’s largest tractor and utility vehicle manufacturer, holds 51.2% stake in the NBFC.
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