Mahindra Logistics acquires B2B express division of RivigoMAHLOG - 360 Change: -0.05 (-0.01 %)
MLL has acquired the B2B division on a slump sale basis for a consideration of Rs 225 crore. The deal would take place before November 1. The Rivigo express division revenue for FY22 was at Rs 371 crore.
Rivigo express division has 250+ processing centres and branches, spanning a area of 1.5 million sq ft. Its technology and process capabilities will drive synergies in network, team and customer service.