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

Mahindra Logistics Limited, 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 the company 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. Mahindra Logistics Limited serves over 400+ corporate customers across various industries and pursues an ‘asset-light’ business model.