Mahindra & Mahindra Financial Services Limited
SBI Mutual Fund decreased its stake in Mahindra & Mahindra Financial Services Limited from 5.57% to 4.77%, selling 11,020,787 shares. This transaction reduces their holding to 66,341,336 shares.
A non-banking financial company within the Mahindra Group, it specializes in financing solutions for new and pre-owned automobiles, tractors, commercial vehicles, and construction equipment across India. The company also provides credit facilities to small and medium enterprises. It operates as a dedicated lender focused on vehicle, equipment, and SME financing, serving customers in the automotive, agricultural, and industrial sectors nationwide.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.