Mahindra Logistics Limited's board of directors has approved the terms of its rights issue, aiming to raise up to ₹749.27 crore. The issue price is set at ₹277 per share, including a premium of ₹267 per share. The record date for determining eligible shareholders is July 23, 2025, and the rights issue will open on July 31, 2025.
| Particulars | Details |
|---|---|
| Issue Size | ₹749.27 Crore |
| Issue Price | ₹277 per share (including premium of ₹267) |
| Record Date | July 23, 2025 |
| Rights Entitlement Ratio | 3 rights equity shares for every 8 equity shares held |
| Issue Opening Date | July 31, 2025 |
| Closure of REs trading (Last date for on-market renunciation of REs) | August 11, 2025 |
| Last date for off-market renunciation of REs | August 13, 2025 |
| Rights Issue Closing Date | August 14, 2025 |
| ISIN for Rights Entitlement | INE766P20016 |
Rights Issue Details
The rights issue involves the issuance of 2,70,49,301 fully paid-up equity shares with a face value of ₹10 each. Shareholders holding equity shares as of the record date will be entitled to rights entitlements (REs), which will be credited to their demat accounts under ISIN INE766P20016. These RE holders can apply for the rights issue or renounce their REs either through the secondary market platform or via off-market transfer within the stipulated timelines. To receive the allotment of rights equity shares, RE holders must apply for the rights issue on or before the issue closing date by paying the full application amount. Failure to do so will result in the lapse of REs, with no subsequent allotment of rights equity shares.
Share Capital Structure
Prior to the issue, the outstanding equity shares of Mahindra Logistics Limited numbered 7,21,31,470. Post the issue, assuming full subscription, the number of outstanding equity shares will increase to 9,91,80,771, each with a face value of ₹10.
Additional Information
The board of directors retains the right to extend the issue closing date, provided that the issue period does not exceed 30 days from the issue opening date. Further details regarding fractional entitlement and other terms of the issue are available in the Letter of Offer on the company's website.
Board Meeting Conclusion
The board meeting, which commenced at 9:30 a.m. (IST) and concluded at 9:55 a.m. (IST), finalized these terms. This information is also available on the company's website.
