Mahindra Logistics Limited (MLL), a leading third-party logistics (3PL) solutions provider in India, has announced plans to raise up to ₹750 crore through a rights issue of fully paid-up equity shares. The decision was approved at the company’s Board of Directors meeting held earlier today.
The proposed rights issue will be extended to eligible equity shareholders as of the record date, which will be determined and announced at a later stage. The Board or its designated Rights Issue Committee will finalise key terms including issue price, entitlement ratio, payment terms, and the exact timeline for the offer, in line with applicable SEBI regulations and statutory approvals.
According to the company, the capital raised will primarily be used for the repayment or prepayment of certain borrowings taken by MLL and its subsidiaries, as well as for general corporate purposes.
Mahindra Logistics highlighted that the Indian logistics sector is witnessing strong growth, especially in Tier 2 and Tier 3 cities, driven by infrastructure expansion, government initiatives, and the rise of e-commerce. The company is strategically positioned to meet this demand with its pan-India network of 20.8 million sq. ft. of warehousing space, including over 5 million sq. ft. in energy-efficient multi-client facilities, with expansion plans for FY 2025-26.
The company’s long-term growth framework rests on four pillars—Integrated Solutions, Expanded Offerings, Digitisation & Technology, and Operational Excellence. MLL leverages a proprietary in-house technology ecosystem and an “asset-right” business model to provide scalable and tech-enabled logistics solutions tailored to customer needs across industries.
Mahindra Logistics serves over 400 clients spanning sectors such as automotive, engineering, consumer goods, and e-commerce. The company is part of the Mahindra Group, a global conglomerate with operations in over 100 countries.