Mahindra Logistics to invest ₹35 crore in subsidiary MESPL through a rights issue, maintaining full ownership.

Mahindra Logistics has approved an investment of up to ₹35 crore in its wholly-owned subsidiary, MLL Express Services (MESPL). The investment will be made through a rights issue, with the company subscribing to up to 3.5 crore equity shares of ₹10 each at par. The entire amount will be payable in cash upon application.

This move reinforces Mahindra Logistics’ commitment to strengthening MESPL’s operations while ensuring no dilution in ownership. Despite the fresh infusion, MESPL will continue to remain a 100% wholly-owned subsidiary.

The investment aligns with Mahindra Logistics’ long-term strategy to enhance its express services segment. By injecting fresh capital, the company aims to support MESPL’s growth and operational capabilities, reinforcing its position in the logistics and supply chain industry.

Source: Business Standard