Mahindra Logistics’ board has approved fund raise of up to Rs 750 crore through Rights Issue to the eligible equity shareholders of the company. This fund raising is primarily for Repayment and/or prepayment, in full or part, of all or a portion of certain borrowings availed by the company and certain subsidiaries and for general corporate purposes.
Mahindra Logistics (MLL) 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.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
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