Bengaluru, July 17 -- During Thursday's trading session, shares of one of India's largest integrated logistics solutions providers and a part of the Mahindra Group surged nearly 5 percent on BSE, after the company's Board approved rights issues at Rs. 277 per share to raise nearly Rs. 750 crores.

At 12:01 p.m., the shares of Mahindra Logistics Limited were trading in the green at Rs. 405 on BSE, up by around 4 percent, as against its previous closing price of Rs. 389.45, with a market cap of Rs. 2,921.3 crores. The stock has delivered positive returns of nearly 6 percent YTD, and has gained by more than 22 percent in the last month.

What's the News According to the latest regulatory filings, the Board of Mahindra Logistics Limited has a...