Wednesday , November 13 2019
Home / BUSINESS / Mahindra Logistics acquires 5.06% stake in Lords Freight

Mahindra Logistics acquires 5.06% stake in Lords Freight

Mahindra Logistics has completed the purchase of 119,610 (5.06%) equity shares of Lords Freight (India) (Lords), Subsidiary company from its existing Shareholder, resulting an increase in the company’s stake in Lords from 68.69% (pre-acquisition) to 73.75% (post-acquisition).

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.