ALPHA TRIBE

Mahindra Logistics LimitedOthers, 19-08-2025: Copy of Newspaper Publication

19-08-2025 | 03:45 pm

Mahindra Logistics has successfully completed its Rights Issue, allotting over 2.70 crore fully paid-up equity shares. The company's Rights Issue Committee approved the allotment. These shares were issued at a price of ₹277 per share, including a premium, raising ₹749.27 crore. The Rights Issue saw strong investor interest, being oversubscribed by nearly 129%. This capital infusion strengthens the company's financial position, supporting future growth initiatives and enhancing shareholder value. Trading of the newly allotted shares is anticipated to begin shortly, subject to exchange approvals.

No comments yet. Be the first to comment!

All announcements from Mahindra Logistics Limited