Mahindra Logistics to Raise ₹750 Crore Through Rights Issue

Mahindra Logistics Limited (MLL), a subsidiary of Mahindra & Mahindra Ltd., announced today that its Board of Directors has approved a fundraising plan of up to ₹750 Crore through a Rights Issue of equity shares. 

This capital raise is primarily intended for the repayment or prepayment of existing borrowings and for general corporate purposes. The Indian logistics sector is experiencing rapid growth, driven by infrastructure development, government initiatives, and e-commerce expansion, particularly in Tier 2 and Tier 3 cities. Customers are seeking integrated and flexible transportation and warehousing solutions.

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Mahindra Logistics states it is positioned to meet this demand with its network, which includes 20.8 million sq. ft. of warehousing space across India, with over 5 million sq. ft. currently comprising energy-efficient multi-client warehouses. The company plans further expansion in 2025-26.