Investment11 Jul 2025, 01:10 pm
Mahindra Logistics to Raise Rs. 750 Crore through Rights Issue
AI Summary
Mahindra Logistics Ltd., one of India's largest integrated logistics solutions providers, has approved a fund raise of up to Rs. 750 Crore through Rights Issue. The Indian logistics sector is growing rapidly, and MLL is well-positioned to address the demand with its network of warehousing space across India. The fund raising is primarily for repayment and/or prepayment of certain borrowings and for general corporate purposes.
Key Highlights
- Rs. 750 Crore fund raising through Rights Issue
- Indian logistics sector growth, especially in Tier 2 and 3 cities
- MLL's network of 20.8 million sq.ft of warehousing space
- Funds primarily for repayment and/or prepayment of borrowings
- Part of MLL's long-term strategy for integrated solutions and operational excellence