Mahindra Logistics Ltd - Announcement under Regulation 30 (LODR)-Acquisition

| Updated on November 01, 2018 Published on November 01, 2018

In compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company at their Meeting held today viz. Thursday, 1 November 2018, have, inter-alia, approved further investment in Lords Freight (India) Pvt. Ltd., Subsidiary Company (Lords) by way of purchase of 1,19,610 equity shares of Lords (representing 5.063% of equity share capital of Lords) from an existing Shareholder of Lords.

On completion of the said purchase (along with the purchase approved by the Board of the Company at its meeting held on 29 August 2018), the Companys shareholding in Lords would increase to 83.874%.

Disclosures with respect to the said additional purchase of equity shares of Lords as required under Regulation 30(6) of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015 is attached herewith.

Pdf Link: Mahindra Logistics Ltd - Announcement under Regulation 30 (LODR)-Acquisition

Source : BSE - www.bseindia.com

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Published on November 01, 2018
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