Mahindra Logistics Limited has received in-principle approvals from the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for its upcoming Rights Issue. This move is part of the company’s strategic efforts to raise up to ₹750 Crore by issuing fully paid-up equity shares to its existing shareholders.
The Board of Directors of Mahindra Logistics approved the Rights Issue, which will issue 2,70,49,301 equity shares of face value ₹10 each, priced at ₹277 each, including a premium of ₹267. This decision follows the in-principle approval from BSE and NSE, and aims to raise an amount not exceeding ₹749.26 Crore, assuming full subscription.
The Rights Issue is set to benefit current shareholders, who will receive Rights Entitlements (REs) in proportion to their existing holdings. The issue will open on July 31, 2025, with a closing date of August 14, 2025, though the Board reserves the right to extend the closing period.
The record date for determining eligible shareholders is July 23, 2025. The entitlement ratio is 3 fully paid-up shares for every 8 shares held by the shareholder, ensuring significant participation opportunities for existing investors.
Eligible shareholders can apply for the Rights Issue or renounce their Rights Entitlements (REs). Renunciation can be done either through the secondary market (On-Market Renunciation) or an off-market transfer (Off-Market Renunciation). The Rights Issue will close on August 14, 2025, and any unexercised REs will lapse.
Currently, Mahindra Logistics has 7,21,31,470 fully paid-up equity shares. After the Rights Issue, assuming full subscription, the number of equity shares will increase to 9,91,80,771. This expansion reflects the company’s plans to strengthen its equity base.
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On July 17, 2025, Mahindra Logistics share price opened at ₹392.85 on NSE, above the previous close of ₹389.75. During the day, it surged to ₹403.20 and dipped to ₹390.00. The stock is trading at ₹396.20 as of 10:29 AM. The stock registered a moderate gain of 1.65%.
Over the past week, it has moved up by 4.58%, over the past month, it has moved up by 24.44%, and over the past 3 months, it has moved up by 33.72%.
Mahindra Logistics’ Rights Issue for ₹750 Crore offers existing shareholders the opportunity to strengthen their position in the company. The issue’s favourable terms and strategic aim of enhancing liquidity make it an important step in the company’s long-term growth plan.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jul 17, 2025, 2:02 PM IST
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