Mahindras plan IPO or strategic sale in logistics arm in FY19

The diversified Mahindra Group may either list or part sell its logistics arm next fiscal to a foreign partner, a top official has said.

"There are certain milestones which will be achieved in 2017-18 and in the next fiscal, we will either come out with an IPO or do a strategic alliance which may involve partnership with an overseas player," Mahindra Logistics' chief executive Pirojshaw Sarkari told

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