Mahindra Logistics Limited to raise up to Rs. 750 Crore of equity through Rights Issue

Mahindra Logistics Ltd., one of India's largest integrated logistics solutions providers, at its meeting held today, have approved fund raise of up to Rs. 750 Crore through Rights Issue to the eligible equity shareholders of the Company.

Key highlights

- The Indian logistics sector is growing rapidly, especially in Tier 2 and 3 cities, fueled by infrastructure growth, government initiatives and e-commerce expansion. Customers increasingly seek integrated, flexible, scalable transportation and warehousing solutions to meet their evolving supply chain needs.

- MLL is well-positioned to address this demand with our network of 20.8 million sq.ft of warehousing space across India including energy efficient multiclient warehousing network, currently totalling over 5 million sq. ft., with plans to expand per our aspirations in 2025-26.

- The Company's long-term strategy is anchored around four foundational pillars: Integrated Solutions, Expanded Offerings, Digitisation & Technology, and Operational Excellence. Customer centric effort to create a platform-driven business that delivers end-to-end visibility, efficiency, agility, and resilience.

- Proprietary in-house technology eco-system enabling customized, tech-driven logistics solutions tailored to diverse customer industry's.

- With an asset-right business model backed by its strong network of business associates, the Company's business model is scalable ensuring a wider reach across the country with local expertise.

- This fund raising is primarily for Repayment and/or prepayment, in full or part, of all or a portion of certain borrowings availed by our Company and certain Subsidiaries and for general corporate purposes.

Shares of Mahindra Logistics Limited was last trading in BSE at Rs. 378.60 as compared to the previous close of Rs. 379.85. The total number of shares traded during the day was 26944 in over 985 trades.

The stock hit an intraday high of Rs. 383.20 and intraday low of 373.85. The net turnover during the day was Rs. 10175466.00.

Source : Equity Bulls

Keywords

MahindraLogistics INE766P01016 TransportationLogistics FundRaising RightsIssue