Corporate News     29-Jun-20
Mahindra Logistics to acquire additional 16.13% stake in Lords Freight (subsidiary)
Mahindra Logistics has approved further investment in Lords Freight (India), subsidiary company, by was of purchase of 3,80,970 equity shares of Lords (representing 16.13% of the equity share capital of Lords) from the existing promoter shareholders of Lords.

The company currently holds 82.92% of the share capital of Lords. On completion of the transfer formalities, the company's stake in Lords will increase by 16.13%.

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