Mahindra Logistics Limited — QIP/Rights/Pref., 11-07-2025: Rights Issue
11-07-2025 | 01:07 pm
11-07-2025 | 01:07 pm
Mahindra Logistics has announced a board meeting on the rights issue to raise up to Rs. 750 Cr through issuance of fully paid equity shares. The entitlement ratio, issue price, and record date will be decided later. The fundraise aims primarily to repay or prepay certain borrowings and support general corporate purposes. This rights issue offers existing shareholders a chance to maintain their stake but will dilute equity if not fully subscribed, impacting the capital structure by increasing equity base and reducing debt reliance.
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