Mahindra Logistics Limited has informed the Exchange that Board of Directors at its meeting held on July 17, 2025, has decided to issue equity shares on rights basis at Rs. 277 per share. Detailed Disclosure is attached.
MAHLOG · price
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On the reaction day the stock moved 6.1 pts more than Nifty Microcap 250 and 6.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mahindra Logistics' board has approved the terms of its rights issue announced earlier. The company will issue up to 2.70 crore equity shares at Rs. 277 per share, raising up to Rs. 749.26 crore (assuming full subscription). The ratio is 3 rights shares for every 8 existing shares held. Each share has a face value of Rs. 10 with a premium of Rs. 267. The record date is Wednesday, 23 July 2025. The issue opens on 31 July 2025 and closes on 14 August 2025. Post-issue share count will rise from 7.21 crore to 9.91 crore shares. Eligible shareholders can subscribe, renounce (on-market till 11 Aug, off-market till 13 Aug), or let the rights lapse.
Existing shareholders must decide whether to put in more money to maintain their stake or let the rights lapse. The share count will expand by about 37% on full subscription, which dilutes existing holders who don't participate. Renunciation lets shareholders sell their entitlement on the stock exchange if the rights trade at a price above the issue cost.