Mahindra Logistics Limited approved incorporation of new Wholly owned Company's subsidiaries of the Company, one each in India and United Kingdom. This, in line with the Company's vision, will enable the Company to further address growth opportunities in logistics and will also establish international presence. Wholly-owned subsidiary in India: Proposed Name: V-Link Freight Services Private Limited or such other name as approved by the Ministry of Corporate Affairs, India, Initial investment is INR 10,000,000 million and Wholly-owned subsidiary in UK: Proposed Name: MLL Global Logistics Limited or such other name as approved by the competent regulatory authority in UK, Initial investment is GBP 25,000,000 million.