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

We had vide our letter dated 9th November 2021, enclosed, informed that the Company had entered into Share Purchase Agreement ('Agreement') to: 1. Acquire 100% paid-up share capital of Meru Mobility Tech Private Limited ('MMTPL'), V-Link Automotive Services Private Limited ('VASPL') and V-Link Fleet Solutions Private Limited ('VFSPL') from Meru Travel Solutions Private Limited ('MTSPL'), a Fellow Subsidiary of the Company; and 2. Acquire 100% paid-up share capital of MTSPL from Mahindra & Mahindra Limited ('M&M'), Holding and Promoter Company of the Company. This is to update you that certain procedural formalities for the aforementioned transaction are underway and that the transaction is expected to be completed before end of February 2022. This intimation is also being uploaded on the Company's website http://www.mahindralogistics.com.