Mahindra & Mahindra Limited has informed the Exchange about Allotment of shares to the Company by Mahindra Logistics Limited, a listed subsidiary of the Company pursuant to its Rights Issue of Equity Shares.
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Mahindra & Mahindra (M&M) has been allotted 1,73,00,670 equity shares of its listed subsidiary Mahindra Logistics Limited (MLL) under MLL's Rights Issue, at Rs. 277 per share (face value Rs. 10, premium Rs. 267). This includes M&M's rights entitlement as well as additional shares applied for. As a result, M&M's stake in MLL has increased from 57.97% to 59.60%, with total holdings rising from 4.18 crore shares to 5.91 crore shares. MLL is a third-party logistics company with consolidated revenue of Rs. 6,104.83 crores in FY25. The total Rights Issue size was 2,70,49,301 shares allotted to eligible shareholders.
M&M is increasing its investment in its logistics subsidiary by approximately Rs. 479 crore, strengthening its controlling stake. For M&M shareholders, this signals continued commitment to the logistics business but also means more capital being deployed into a subsidiary rather than returned or invested elsewhere. The move helps MLL meet public shareholding norms while keeping M&M in firm control.