Investment11 Jul 2025, 01:03 pm
Mahindra Logistics to Raise up to 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 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.
Key Highlights
- The Indian logistics sector is growing rapidly, especially in Tier 2 and 3 cities.
- MLL is well-positioned to address this 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.
- MLL serves over 400+ corporate customers across various industries.
- The Company pursues an ‘asset-light’ business model, providing customised and technology enabled solutions.