Mahindra Logistics IPO

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