Investment27 Oct 2025, 05:32 pm
Mahindra Logistics Board Approves Rs. 50 Crore Investment in Wholly-Owned Subsidiary MLL Express Services
AI Summary
The Board of Directors of Mahindra Logistics Ltd. approved an investment of up to Rs. 50 Crores in MLL Express Services Private Limited (MESPL), a wholly-owned subsidiary. The investment will be made by subscribing to the rights issue of up to 5,00,00,000 equity shares of Rs. 10 each. The objective of the capital infusion is to meet working capital requirements, continue operations, and serve general and corporate purposes of MESPL. MESPL provides B2B Express logistics services across the value chain under the brand name 'Rivigo by Mahindra Logistics' and had a turnover of Rs. 363.83 crores for the financial year ended 31 March 2025.
Key Highlights
- Mahindra Logistics to invest up to Rs. 50 Crores in wholly-owned subsidiary MLL Express Services
- Investment to be made by subscribing to the rights issue of up to 5,00,00,000 equity shares
- Objective is to meet working capital requirements, continue operations, and serve general and corporate purposes of MESPL
- MESPL provides B2B Express logistics services under the brand name 'Rivigo by Mahindra Logistics'
- MESPL had a turnover of Rs. 363.83 crores for the financial year ended 31 March 2025