Mahindra Logistics Limited has informed the Exchange regarding 'Letter of Offer dated May 8, 2025, for Rights Issue of equity shares'.
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Mahindra Logistics Limited has approved the Letter of Offer for a rights issue of up to 2,70,49,301 fully paid-up equity shares of face value ₹10 each at an issue price of ₹277 per share (including a premium of ₹267). The total issue size aggregates up to ₹749.27 crores, offered in the ratio of 3 rights equity shares for every 8 equity shares held on the record date of Wednesday, July 23, 2025. The issue opens on July 31, 2025 and closes on August 14, 2025, with listing expected on August 20, 2025. The promoter is Mahindra & Mahindra Limited, and CARE Ratings is the monitoring agency. MUFG Intime India (formerly Link Intime) is the registrar, with Kotak Mahindra Bank as banker to the issue.
Eligible shareholders as on the record date (July 23, 2025) will receive rights entitlements and can subscribe to additional shares in the 3:8 ratio. If shareholders do not exercise their rights, their stake will be diluted by up to ~27% on a fully subscribed basis. The stock may see some pressure around the record date and ex-rights trading as the market adjusts for the new shares.