The board has cleared the issuance of 2.7 crore fully paid-up equity shares at a price of Rs 277 per share, including a premium of Rs 267. The entire amount will be payable at the time of application.
The record date for determining eligible shareholders is 23 July 2025. Investors will receive 3 rights shares for every 8 shares held.
The rights issue will open on 31 July and close on 14 August 2025. Rights Entitlements (REs) can be traded on the stock exchanges or transferred off-market. If no application is made before the closing date, the REs will lapse.
Upon full subscription, the company’s outstanding equity shares will increase from 7.21 crore to 9.91 crore.
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Mahindra Logistics share price target
According to Trendlyne, the average target price for Mahindra Logistics is Rs 360, indicating a potential downside of nearly 11% from current levels. Among 10 analysts tracking the stock, the consensus rating is ‘Hold’.Technically, the stock is in a strong uptrend. The Relative Strength Index (RSI) stands at 79.4, indicating overbought conditions and the potential for a near-term pullback. However, the MACD remains positive and above both its center and signal lines, confirming bullish momentum.
The stock is currently trading above all key moving averages—5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day—reinforcing the strength of the ongoing uptrend.
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Mahindra Logistics shares performance
Year-to-date, the stock is up 5%, with a 35% gain over the past three months. The company’s current market capitalisation is Rs 2,906.9 crore.
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