India: Mahindra Logistics seeks $460m valuation in IPO

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Mahindra Logistics Ltd, the logistics arm of automobile maker Mahindra and Mahindra Ltd, on Tuesday said its Rs829.36 crore initial public offering (IPO) will open on 31 October.

The logistics company has set a price range of Rs425-429 per share for the IPO, which values it at Rs3,023-3,052 crore. The offer will close on 2 November.

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