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Mahindra & Mahindra to participate in proposed IPO of Mahindra Logistics

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Capital Market

To offer 96,66,173 (13% of paid up capital ) Equity Shares for sale

Mahindra & Mahindra announced that the Loans & Investment Committee of Directors at its Meeting held on 03 August 2017, approved the offer for sale of up to 96,66,173 Equity Shares of Rs.10 each held by the Company in Mahindra Logistics (MLL) representing up to 13.74% of the existing issued and paid-up equity share capital of MLL, as part of the proposed IPO. The selling price per Equity Share will be fixed through the book building process in accordance with SEBI Regulations, 2009.

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First Published: Aug 04 2017 | 9:36 AM IST

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