Mahindra Logistics IPO

4/8/2017
IPO

Announced

4/8/2017


Overview:

  • Mahindra Logistics has announced its intention to undertake an IPO.
  • Mahindra & Mahindra (M&M) and Kedaara Capital will each sell 9.66 million shares, which equals to 27.5% stake of Mahindra Logistics.
  • The IPO is expected to raise around $102-110 million.
  • Kotak Mahindra Capital Co and Axis Capital have acted as bookrunning lead managers.

Katrin Kostadinova - Data analyst

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