M&M Finance​ share price NSE: Mahindra & Mahindra Financial Services CFO Vivek Karve tendered his resignation to pursue personal, social, and professional interests beyond full employment, the Mumbai-headquartered NBFC said on Tuesday.

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M&M Financial shares ended higher by Rs 2, or 0.7 per cent, at Rs 308 apiece on BSE the next day, having recovered mild intraday losses amid volatile trade.

Should you buy, sell or hold M&M Financial shares?

While Morgan Stanley maintained an 'equal-weight' rating for M&M Financial after the announcement, it kept its target price for the stock at Rs 280 per share. 

The brokerage highlighted the following key points: 

  • Vivek Karve will be with the company till October 31 until the declaration of its Q2 F25 results
  • The company's management highlighted that it was in the process of identifying a suitable candidate for succession

“We express our appreciation on Vivek’s contributions for the last four years with Mahindra Finance. It is during this time that our company has navigated challenging times and has also achieved significant milestones. While we are sad to see him leave, we respect his personal decision to pursue personal, social and professional interests beyond full-time employment at this stage of his professional career," said Raul Rebello, Managing Director and CEO, M&M Financial Services. 

What does Mahindra & Mahindra Financial Services do?

Mahindra & Mahindra Financial Services, part of Mahindra Group, is a non-banking finance company.

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