Don't want to miss the best from Business Standard?
Mahindra Logistics has approved investment in the equity shares of MLL Express Services (MESPL), wholly-owned subsidiary of the Company, up to an amount not exceeding Rs. 35 crore by way of subscription to rights issue by MESPL of up to 3,50,00,000 equity shares of Rs. 10 each, at par. The full amount of the issue price will be payable on application in cash.
The said investment will not cause any change in the shareholding of the Company in MESPL. MESPL will continue to be a 100% wholly-owned subsidiary of the Company.
Powered by Capital Market - Live News
Make smarter market moves with The Smart Investor. Daily insights on buzzing stocks and actionable information to guide your investment decisions delivered to your inbox.
Disclaimer: No Business Standard Journalist was involved in creation of this content
