Mahindra Logistics plans to issue 2.70 crore rights equity shares for an amount aggregating to ₹750 crore.
Price of each rights share has been fixed as ₹277, which is a discount of 29% to Mahindra Logistics’ closing price on Wednesday.
Existing shareholders of Mahindra Logistics as on the record date will be eligible to receive three rights equity share for every eight they hold.Mahindra Logistics has fixed the record date for its rights issue as July 23, 2025, which happens to be Wednesday. The rights issue will open on July 31 and close on August 11, 2025.
A rights issue is where a company raises funds by selling additional shares to existing shareholders of the company. In case an individual does not own shares of the company as of the record date, he/she is not eligible to participate in the rights issue.
Off market renunciations can be done on August 13, 2025. Off-market renunciation is when rights are renounced on the exchanges at a better place. It is generally done before the issue closes, which in this case is August 14.
Renunciations can also be done off-market, where the buyer and seller mutually agree on a price and complete the renunciation off-market. This can be done till the issue closes but in a way that the buying investor has enough time to apply for the rights issue.
Shares of Mahindra Logistics Ltd. are currently trading 3.35% higher at ₹402.80. The stock has risen 22% in the last one month.
