Mahindra Logistics makes further investment in ZipZap Logistics

8 Mar 2022 , 01:33 AM

Mahindra Logistics has entered into Share Purchase Agreement Share Subscription Agreement and Shareholders Agreement Agreements on 28 February 2022 for acquisition of up to 43972 equity shares and for subscribing up to 63200 Series A Compulsorily Convertible Cumulative Preference Shares of ZipZap Logistics Whizzard in tranches The Acquisition would result in the Company holding in aggregate up to 60Percentage of Share Capital of Whizzard on a fully diluted basis