Mahindra Logistics Limited has informed the Exchange about Copy of Newspaper Publication
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Mahindra Logistics Limited has informed the exchanges about the newspaper publication of the basis of allotment for its Rights Issue. The Rights Issue Committee, at its meeting on 18 August 2025, approved the allotment of 2,70,49,301 fully paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 277 per share (including a premium of Rs. 267), aggregating up to Rs. 749.27 crores. The issue was open from 31 July to 14 August 2025 in the ratio of 3 rights shares for every 8 shares held, with a record date of 23 July 2025. The issue was oversubscribed, receiving 15,052 valid applications for 3,48,74,694 shares (128.93% of issue size), and 1,109 applications for 90,073 shares were rejected on technical grounds. Promoter Mahindra & Mahindra Limited supported the issue, and trading in the newly allotted shares is expected to commence on 20 August 2025, subject to listing approvals from BSE and NSE.
This is a routine procedural disclosure confirming the completion of the Rights Issue allotment. The 128.93% subscription indicates healthy investor interest, and existing shareholders who did not renounce their entitlements received full allotment. The new shares are expected to start trading on 20 August 2025, which may lead to minor price adjustment on listing day based on the issue price of Rs. 277.