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Mahindra Logistics (MAHLOG) has announced a board meeting to approve a Rights Issue, aiming to raise up to ₹749.27 crore. Funds will primarily go towards repaying/prepaying borrowings (₹556.30 crore) and general corporate purposes (₹186.77 crore). This move is set to reduce debt, lower servicing costs, and improve the debt-to-equity ratio, paving the way for future business growth. Shares are offered at ₹277 each (compared to an ex-rights price of ₹320.69), with a ratio of 3 new shares for every 8 held. Promoter Mahindra & Mahindra plans to fully subscribe to its entitlement and any unsubscribed portion.