M&M gains as its arm receives Rs 200 crore PE investment from Kedaara Capital

Mahindra & Mahindra is currently trading at Rs 1031.00, up by 6.70 points or 0.65% from its previous closing of Rs. 1024.30 on the BSE. The scrip opened at Rs. 1030.35 and has touched a high and low of Rs. 1036.75 and Rs. 1029.00 respectively. So far 3834 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1054.00 on 18-Mar-2014 and a 52 week low of Rs. 741.50 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 1045.00 and Rs. 964.70 respectively. The current market cap of the company is Rs. 63085.86 crore. The promoters holding in the company stood at 25.29% while Institutions and Non-Institutions held 52.80% and 16.92% respectively. Mahindra Logistics (MLL), a subsidiary of Mahindra & Mahindra (M&M), has received an investment of Rs 200 crore for a significant minority stake from Kedaara Capital. This is Kedaara Capital’s maiden investment and is an endorsement of the long term growth potential of the Indian logistics sector.  Mahindra Logistics is India’s leading Third Party Logistics (3PL) service provider. Over the past four years, MLL has grown rapidly by diversifying its industry segment focus, developing an integrated supply chain services portfolio, and unique people transport solutions. Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.