M&M Finance Share Price Falls over 7%
Mahindra & Mahindra Financial Services (M&M Finance) share price witnessed a steep decline of 7.88% on the BSE today, reaching ₹ 256.85 per share.
Fraud Detection and Board Meeting Deferral
The share price fall follows the company’s announcement that it had detected a fraud worth ₹ 150 crore at one of its branches in the North East region. This revelation led to the postponement of a scheduled board meeting.
The company’s decision to delay its Q4 results announcement further contributed to investor concerns, exacerbating the share price decline.
