Mahindra Logistics Limited on July 17 announced the terms of its proposed ₹749 crore rights issue, following the board’s approval. The company plans to issue 2.70 crore fully paid-up equity shares at a price of ₹277 per share, including a premium of ₹267 per share over the face value of ₹10.
The rights issue is being made in the ratio of 3 rights shares for every 8 shares held by eligible shareholders as on the record date, July 23, 2025.
According to the company’s filing, the issue opens on July 31, 2025, and will close on August 14, 2025, with trading of Rights Entitlements (REs) on stock exchanges ending earlier on August 11, 2025. The REs can also be renounced off-market until August 13, 2025.
Assuming full subscription, the number of outstanding shares post-issue will increase from 7.21 crore to 9.91 crore equity shares.
The company has already received in-principle approvals from both BSE and NSE for the proposed rights issue. The REs will be credited to shareholders’ demat accounts before the issue opens, and will carry the ISIN: INE766P20016.
The board noted that the entire issue price of ₹277 per share is payable at the time of application. Shareholders who do not apply for their REs before the closing date will forfeit their entitlement.