Mahindra Logistics launches ₹749 crore rights issue to fuel growth

Mahindra Logistics has kicked off a ₹749.27 crore rights issue, offering eligible shareholders the opportunity to deepen their stake in the logistics major as it accelerates investments across warehousing, express distribution, and mobility solutions.

The board of directors approved the final terms of the rights issue on July 17, 2025, following approvals from BSE and NSE. The issue entails 2,70,49,301 fully paid-up equity shares at ₹277 per share (including ₹267 premium), in the ratio of 3 shares for every 8 held as on the record date of July 23, 2025.

The rights issue opens on July 31 and closes on August 14, with provision for both on-market (till August 11) and off-market (till August 13) renunciation of rights entitlements (REs). Trading of REs will be conducted under ISIN: INE766P20016.

Post-issue, assuming full subscription, MLL's outstanding equity shares will rise from 7.21 crore to approximately 9.91 crore. The entire issue price is payable at the time of application.

According to the company’s Letter of Offer, the proceeds will support MLL’s continued push into asset-light, tech-enabled logistics—particularly in contract logistics, B2B express, last-mile delivery, cross-border transport, and enterprise mobility. As of March 31, 2025, MLL operated across 1,245 locations and served over 19,000 pin codes in India.

Its warehousing footprint stands at nearly 19 million sq. ft., including over 5.29 million sq. ft. of large-format multi-client facilities, with further expansions underway in Pune, Nashik and Agartala. MLL is also focused on green logistics, with many facilities already solar-powered.