Mahindra and Mahindra Financial Services (Mahindra Finance), the NBFC arm of Mahindra Group, raised ₹3,089 crore through a rights issue. The issue was subscribed approximately 1.3 times, resulting in a demand generation of over ₹4,000 crore, said the company. The rights issue saw investor interest, including from small investors and institutional investors, both Indian and foreign, it added.