Mahindra Logistics Limited IPO to open for subscription on Oct 31, 2017

The Initial Public Offering ('Offer') of Mahindra Logistics Limited, a subsidiary of Mahindra & Mahindra Ltd ('MLL') has announced that the Red Herring Prospectus in relation to the Offer filed by MLL with the Registrar of Companies, Mumbai ('RoC') has been approved on 17th October, 2017 by the RoC.

The Offer will be open for subscription to public on 31st October, 2017 and shall close on 2nd November, 2017 (both days inclusive).

This announcement is not an offer of securities for sale in the United States. Any securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act') or any US State securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirement.

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.1373.4 as compared to the previous close of Rs. 1367.3. The total number of shares traded during the day was 60136 in over 1989 trades.

The stock hit an intraday high of Rs. 1376.8 and intraday low of 1343.95. The net turnover during the day was Rs. 81947507.

Source : Equity Bulls

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