MAHINDRA LOGISTICS Company has approved investment in the equity shares of MLL Express Services Private Limited (“MESPL”), wholly-owned subsidiary of the Company, up to an amount not exceeding Rs. 50 Crores by way of subscription to rights issue by MESPL of up to 5,00,00,000 equity shares of Rs. 10 each, at par. The full amount of the issue price will be payable on application in cash.