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Mahindra & Mahindra provides update on proposed IPO of Mahindra Logistics

Capital Market 

Mahindra Logistics files DRHP with for IPO

announced that Mahindra Logistics has filed the Draft Red Herring Prospectus with for a public offer of up to 1,93,32,346 equity shares, representing up to 27.49% of the existing issue and paid up equity share capital of Mahindra Logistics, for cash, through an offer of sale of upto -

-13.74% of equity share capital held by Mahindra & Mahindra;
-13.18% of equity share capital held by Normandy Holdings; and
-0.56% of equity share capital held by Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF I.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 04 2017. 18:26 IST