Mahindra Logistics Limited allots 27049301 equity shares on rights basis

Pursuant to the finalisation of the basis of allotment of the Rights Issue, in consultation with MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) ("Registrar to the Issue") and as approved by National Stock Exchange of India Limited ("NSE"), being the Designated Stock Exchange for the Issue, the Rights Issue Committee of Mahindra Logistics Limited, at its meeting held today, i.e., on Monday, 18 August 2025, have considered and approved the allotment of 2,70,49,301 fully paid-up Equity Shares of Face Value of Rs. 10/- each on Rights Basis to the eligible shareholders and/or renouncee(s) in terms of the Letter of Offer dated 17 July 2025, at an issue price of Rs. 277/- per Equity Share (including a premium of Rs. 267/- per Equity Share).

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased from 7,21,31,470 equity shares (Rs. 72,13,14,700) to 9,91,80,771 equity shares (Rs. 99,18,07,710).

Consequent to the above allotment, the percentage shareholding of Mahindra & Mahindra Limited, Promoter and Holding Company of the Company, stands increased from 57.97% to 59.60%.

Shares of Mahindra Logistics Limited was last trading in BSE at Rs. 324.95 as compared to the previous close of Rs. 322.30. The total number of shares traded during the day was 10621 in over 356 trades.

The stock hit an intraday high of Rs. 329.60 and intraday low of 323.20. The net turnover during the day was Rs. 3465725.00.

Source : Equity Bulls

Keywords

MahindraLogistics INE766P01016 SharesAllotment RightsIssue