Kedaara to part-exit Mahindra Logistics through India IPO
Kedaara Capital will exit part of its stake in Mahindra Logistics (MLL), the logistics and transport service of India’s Mahindra & Mahindra, in a planned IPO.
The private equity firm will sell about 9.7 million shares in the offering, while the parent will offload the same amount, according to a filing. The combined sale represents about a 27.5% stake in MLL....
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