Mahindra Logistics has received approval for investment in the equity shares of MLL Express Services (MESPL), wholly-owned subsidiary of the company, up to an amount not exceeding Rs 50 crore by way of subscription to rights issue by MESPL of up to 5,00,00,000 equity shares of Rs 10 each. The full amount of the issue price will be payable on application in cash.
The said investment will not cause any change in the shareholding of the company in MESPL. MESPL will continue to be a 100% wholly-owned subsidiary of the company. The objective of the capital infusion in MESPL is to meet working capital requirements, continuing operations, and for general and corporate purpose of MESPL. The said transaction is expected to be completed by December 31, 2025. The Board of Directors of the company at their meeting held on October 27, 2025, has inter alia, approved the same.
Mahindra Logistics (MLL) provides logistics solutions, warehousing facilities, freight forwarding and supply chain management serv ices. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.
