The Mahindra Logistics IPO will open on 31 October and close on 2 November. Photo: iStockphotoMumbai: Mahindra Logistics Ltd, the logistics arm of automobile maker Mahindra and Mahindra Ltd, on Tuesday said its Rs829.36 crore initial public offering (IPO) will open on 31 October. The logistics company has set a price range of Rs425-429 per share for the IPO, which values it at Rs3,023-3,052 crore. Mahindra Logistics provides services such as warehousing, transport, in-factory logistics, people logistics and freight forwarding for clients across industries such as auto and auto component manufacturing, consumer, pharmaceuticals and e-commerce. Mahindra Logistics operates in two distinct business segments, namely supply chain management (SCM) and corporate people transport solutions (PTS).

Source: Mint October 24, 2017 19:07 UTC