- 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