Investment11 Jul 2025, 01:36 pm
Mahindra Logistics to Raise up to Rs. 750 Crore through Rights Issue
AI Summary
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 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
- Indian logistics sector is growing rapidly, especially in Tier 2 and 3 cities
- MLL has a network of 20.8 million sq.ft of warehousing space across India
- MLL's long-term strategy is anchored around four foundational pillars
- Proprietary in-house technology eco-system enabling customized, tech-driven logistics solutions
- Fund raising is primarily for repayment and/or prepayment of certain borrowings and for general corporate purposes