Mahindra Logistics is going to consider and approve proposal for borrowings by way of availing additional working capital facilities, credit facilities, term loans, issue of Commercial paper and consider granting approval for an enabling resolution for debt issue including by way of issue of Non-Convertible Debentures and consider any other modes/methods of borrowings as may be permitted under applicable laws. The meeting of the Board of Directors of the company is scheduled to be held on May 2, 2020, to consider the same.
Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.
