Mahindra Logistics’ board has inter-alia, approved borrowing of funds including by way of availing additional working capital facilities, credit facilities, term loans, issue of listed/unlisted Commercial Papers through private placement, issue of Non-Convertible Debentures through private placement up to an aggregate amount of Rs 250 crore, in one or more tranches and subject to such regulatory approvals as may be required. The Board of Directors of the company at their meeting held on May 2, 2020 has approved 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.
