Mahindra Logistics Ltd - Announcement under Regulation 30 (LODR)-Acquisition
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| 09 Nov 2021 | |
| We hereby inform you that the Company has, pursuant to approval granted by the Investment Committee of the Board of Directors of the Company at their Meeting held today viz. Tuesday, 9 November 2021, entered into Share Purchase Agreement to:<BR> a. 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<BR> b. Acquire 100% paid-up share capital of MTSPL from Mahindra & Mahindra Limited ('M&M'), Holding and Promoter Company of the Company; <BR> Upon completion of the said acquisitions, MMTPL, VASPL, VFSPL and MTSPL ('Meru Companies') will become wholly-owned subsidiaries of the Company and would continue to remain subsidiaries of M&M. <BR> The detailed disclosure and press release in this regard in compliance with the SEBI Listing Regulations is enclosed. | |
| View all announcements for Mahindra Logistics Ltd | Source: BSE India |
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