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Mahindra Logistics Ltd. ( (IN:MAHLOG) ) has shared an update.
Mahindra Logistics Limited has announced a rights issue to raise up to Rs 749.27 crores through the issuance of equity shares to eligible shareholders. This strategic move, approved by the Board of Directors, aims to strengthen the company’s capital base and enhance its financial flexibility, potentially impacting its market positioning and offering growth opportunities for stakeholders.
More about Mahindra Logistics Ltd.
Mahindra Logistics Limited operates in the logistics industry, providing integrated third-party logistics and supply chain management services. The company focuses on offering solutions across various sectors, including automotive, consumer goods, and e-commerce, leveraging its extensive network and technological capabilities.
Average Trading Volume: 13,690
Technical Sentiment Signal: Buy
Current Market Cap: 34.75B INR
For an in-depth examination of MAHLOG stock, go to TipRanks’ Overview page.