Bhakta Patnaik, Albin Thomas 
Dealstreet

Trilegal advises Mahindra Logistics on ₹749.27 crore rights issue

This is among the first major rights issues completed under SEBI’s revised rights-issue framework.

Bar & Bench

Trilegal has advised Mahindra Logistics on its ₹749.27 crore rights issue.

The transaction team was led by Bhakta Patnaik (Partner) and Albin Thomas (Partner), with support from Sowmya Khandelwal (Senior Associate) and Associates Janhavi Shah and Snehal Kaushal.

Mahindra Logistics

Mahindra Logistics is a tech-enabled integrated logistics and mobility solutions providers and a part of the Mahindra group, one of India’s leading conglomerates. The proceeds from the rights issue will be utilised towards repayment of loans and general corporate purposes.

This rights issue is among the largest rights issues in India’s logistics sector in recent years, and among the first major rights issues completed under SEBI’s revised rights-issue framework.

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