Mahindra logistics IPO price band at Rs 425-429 per share

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Mahindra logistics ltd (Mll), part of diversified Mahindra Group, has fixed a price band of Rs 425 to 429 per share for its initial public offer, according to a regulatory filing. At the upper end of the price, the share sale would fetch little over Rs 829 crore. “The price band for the offer has been fixed at Rs 425 to Rs 429 per share of Rs 10 each of Mll with an employee discount of Rs 42 that will be offered to eligible employees,” Mahindra & Mahindra said in a regulatory filing.        

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