During Thursday’s trading session, shares of one of India’s largest integrated logistics solutions providers and a part of the Mahindra Group surged nearly 5 percent on BSE, after the company’s Board approved rights issues at Rs. 277 per share to raise nearly Rs. 750 crores.
At 12:01 p.m., the shares of Mahindra Logistics Limited were trading in the green at Rs. 405 on BSE, up by around 4 percent, as against its previous closing price of Rs. 389.45, with a market cap of Rs. 2,921.3 crores. The stock has delivered positive returns of nearly 6 percent YTD, and has gained by more than 22 percent in the last month.
What’s the News
According to the latest regulatory filings, the Board of Mahindra Logistics Limited has approved the Letter of Offer for its upcoming Rights Issue. The issue will open on Thursday, 31st July, and close on Thursday, 14th August 2025.
Under this Rights Issue, the company plans to issue nearly 2.7 crore fully paid equity shares with a face value of Rs. 10 each. These shares will be issued at Rs. 277 per share, including a premium of Rs. 267 per share, aiming to raise a total of Rs. 750 crores.
Eligible shareholders will be entitled to 3 rights equity shares for every 8 fully paid-up equity shares they already own, based on the record date of Wednesday, 23rd July 2025.
On 11th July, the Board of Mahindra Logistics had approved this fund raising by way of offer and issuance of fully paid-up equity shares, through Rights Issue to the eligible equity shareholders of the Company.
Proceeds from the issue will primarily be used for repayment and/or prepayment of certain borrowings of the company and its subsidiaries, as well as for general corporate purposes.
Financials and More
In Q4 FY25, Mahindra Logistics reported a marginal rise in revenue from operations by around 8 percent YoY to Rs. 1,569.5 crores, from Rs. 1,450.8 crores in Q4 FY24. Likewise, the net loss decreased from Rs. 12 crores to Rs. 5.3 crores, representing an improvement of nearly 56 percent YoY over the same period.
Mahindra Logistics Limited is an integrated third-party logistics (3PL) service provider mainly engaged in the business of transportation, warehousing, supply chain management and people logistics services.
It serves over 400+ corporate customers across various industries like automobile, engineering, consumer goods and ecommerce. It pursues an “asset-light” business model, providing customised and technology-enabled solutions that span across the supply chain and people mobility services.
The company is a leading logistics service provider in India, operating across 1,100+ locations and covering over 19,000 PIN codes. Its fleet includes 1,660+ electric vehicles (Cargo + PV), with more than 50 global trade lanes, handling over 50,000 full truck trips monthly, 10,000+ ocean freight TEUs annually, and delivering about 12 crore packages each year.
Written by Shivani Singh
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