Mahindra Logistics Sets Rights Issue Price at ₹277, Eyes ₹750 Crore Fundraise

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Mahindra Logistics Ltd (MLL) has officially set the price for its upcoming rights issue at ₹277 per share, as part of a broader capitalraising initiative aimed at strengthening its financial position and operational capabilities.

Key highlights:

The rights issue will offer fully paidup equity shares with a face value of ₹10 each.
The total issue size is capped at ₹750 crore, with the record date for entitlement yet to be announced.
The issue will be listed on both BSE and NSE, and will be fully payable at the time of application.

Utilization of proceeds:

A significant portion of the funds will be used to repay or prepay borrowings of MLL and its subsidiaries.
Remaining funds will support general corporate purposes, including digital platform expansion and EV deployment across logistics verticals.

Strategic outlook:

The move aligns with MLL’s assetlight growth strategy and its push into Tier2/3 markets via B2B express and lastmile delivery.
The rights issue is expected to improve debt metrics and enhance shareholder value over the medium term.

Sources: Business Today, Business Standard, IPO Central, Mahindra Logistics Official Site.