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Mahindra Logistics Ltd. ( (IN:MAHLOG) ) has issued an announcement.
Mahindra Logistics Limited’s Board of Directors has approved an investment of up to Rs. 50 crores in its wholly-owned subsidiary, MLL Express Services Private Limited (MESPL), through a rights issue. This capital infusion aims to support MESPL’s working capital needs and general corporate purposes, ensuring continued operations without altering the company’s shareholding structure in MESPL.
More about Mahindra Logistics Ltd.
Mahindra Logistics Limited operates in the logistics and transportation industry, offering a range of services including B2B express logistics under the brand ‘Rivigo by Mahindra Logistics’.
Average Trading Volume: 9,384
Technical Sentiment Signal: Hold
Current Market Cap: 35.36B INR
See more insights into MAHLOG stock on TipRanks’ Stock Analysis page.