Mahindra Logistics Limited (BSE:540768) entered into Share Purchase Agreement to acquire Meru Mobility Tech Private Limited and V-Link Automotive Services Private Limited and V-Link Fleet Solutions from Meru Travel Solutions Private Limited on November 9, 2021. The consideration will be in cash. The transaction has approved by the Investment Committee of the Board of Directors of Mahindra Logistics Limited. The acquisition will completed before end of February 2022.

Mahindra Logistics Limited (BSE:540768) completed the acquisition of Meru Mobility Tech Private Limited and V-Link Automotive Services Private Limited and V-Link Fleet Solutions from Meru Travel Solutions Private Limited on May 13, 2022. Following the completion MMTPL and VFSPL have become a subsidiaries of Mahindra Logistics on 12 May 2022. VASPL has become a subsidiary of Mahindra Logistics on 13 May 2022.