Mahindra Logistics inches up on acquiring stake in ZipZap Logistics
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Mahindra Logistics is currently trading at Rs. 359.65, up by 0.35 points or 0.10% from its previous closing of Rs. 359.30 on the BSE.
The scrip opened at Rs. 358.50 and has touched a high and low of Rs. 360.15 and Rs. 356.55 respectively. So far 4653 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 545.00 on 30-Nov-2022 and a 52 week low of Rs. 347.15 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 365.05 and Rs. 356.55 respectively. The current market cap of the company is Rs. 2589.70 crore.
The promoters holding in the company stood at 58.04%, while Institutions and Non-Institutions held 26.68% and 15.28% respectively.
Mahindra Logistics has acquired majority stake in ac, a last-mile logistics service provider operating under its brand ‘Whizzard’. The acquisition will complement MLL’s existing last mile delivery business and EDeL, its Electric Vehicle (EV) based delivery services. Expanding technology based last mile services is an integral part of MLL’s growth strategy and this transaction will help accelerate addition of technology, geographical coverage and operational capabilities.
Mahindra Logistics (MLL) 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.
