Investment27 Oct 2025, 05:32 pm
Mahindra Logistics to Invest Rs. 50 Crores in Wholly-Owned Subsidiary MLL Express Services
AI Summary
Mahindra Logistics Ltd. has approved an investment of up to Rs. 50 Crores in MLL Express Services Private Limited (MESPL), its wholly-owned subsidiary, through a rights issue of up to 5,00,00,000 equity shares. The investment will not cause any change in the shareholding of the Company in MESPL, which will continue to be a 100% wholly-owned subsidiary. The objective of the capital infusion is to meet working capital requirements, continuing operations, and for general and corporate purpose of MESPL.
Key Highlights
- Mahindra Logistics to invest up to Rs. 50 Crores in its wholly-owned subsidiary MLL Express Services
- Investment to be made through a rights issue of up to 5,00,00,000 equity shares
- Investment will not cause any change in the shareholding of the Company in MESPL
- MESPL will continue to be a 100% wholly-owned subsidiary of the Company
- Capital infusion aims to meet working capital requirements, continuing operations, and for general and corporate purpose of MESPL