Mahindra Logistics Limited has informed the Exchange about Acquisition. In compliance with Regulation 30(6) read with Schedule III, Part A, Para A(1) of the SEBI Listing Regulations, we hereby inform you that the Company has today, pursuant to approval granted by the Investment Committee of the Board at their meeting held today viz. Monday, 26 September 2022, entered into a Business Transfer Agreement with Rivigo Services Private Limited and its promoter for acquisition/purchase of its B2B express business, as a going concern, on slump sale basis, for a lump sum consideration of Rs. 225 crores, on the terms and conditions more specifically defined in the said agreement.Detailed disclosure is attached.
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