India: Mahindra Logistics IPO opens today, $38m raised from anchor investors

India: Mahindra Logistics IPO opens today, $38m raised from anchor investors

Image from Pixabay

Mahindra Logistics Ltd, the logistics arm of automobile maker Mahindra and Mahindra Ltd (M&M), on Monday said it has raised Rs247.2 crore by selling shares to institutional investors as part of its anchor book allocation, a day before its initial public offering (IPO) opens.

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