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Mahindra Logistics completes acquisition of three entities from Meru Travel Solutions
The company has reported a revenue of Rs1,073 crore in Q4FY22 as against Rs974 crore in Q4FY21, up by 10.16% yoy.
Sales rise 10.13% to Rs 1072.68 crore
On 26 April 2022
Acquisition will accelerate capabilities in Last Mile Delivery & Fulfilment.
For an aggregate 60% stake in ZipZap Logistics on fully diluted basis
This acquisition will accelerate capabilities in Last Mile Delivery & Fulfilment, the company said.
The acquisition was set to be completed by end of February 2022 but the closing requirements are still underway, the company said.
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