Mahindra Logistics Limited has informed the Exchange that Record date for the purpose of Rights is 23-Jul-2025.
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Mahindra Logistics has finalised the terms of its Rights Issue, first approved on 11 July 2025. The company will issue up to 2.70 crore fully paid-up equity shares (face value Rs. 10) at Rs. 277 per share, raising up to Rs. 749.27 crore. The entitlement ratio is 3 new shares for every 8 shares held. Shareholders on record as of 23 July 2025 will be eligible to receive the rights entitlements. The issue opens on 31 July 2025 and closes on 14 August 2025. Assuming full subscription, the share count will rise from 7.21 crore to 9.92 crore equity shares.
Existing shareholders will need to decide whether to invest more money to subscribe to their entitlement or sell/renounce the rights by 11-13 August 2025. If they do nothing, the rights will lapse. The issue is dilutive, but the company is using it to raise growth capital. The stock may trade ex-rights around the record date.