16 Apr 2026
Deal: Trilegal advises Mahindra Finance on landmark ₹2,996 crore rights issue under new SEBI regime
11 Jun 2025
11 Jun 2025
Trilegal advised Mahindra & Mahindra Financial Services, one of India’s leading non-banking financial companies (NBFCs), on its ₹2,996 crore rights issue.
This transaction is notable for being among the first rights issues in India conducted under the SEBI (ICDR) (Amendment) Regulations, 2025, following SEBI’s overhaul of the capital-raising process to facilitate faster and more efficient rights offerings. It also represents one of the largest rights issues by an NBFC in India in recent years.
The proceeds from the offering will be used to augment the company’s long-term capital requirements and for general corporate purposes.
The Trilegal Capital Markets Team advising on the matter was led by Partners: Bhakta Patnaik and Albin Thomas; and supported by Senior Associate: Sowmya Khandelwal; and Associates: Janhavi Shah and Snehal Kaushal.
Media link:
Mahindra & Mahindra’s strategic investment in MMFSL’s rights issue
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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