Mahindra Logistics acquires Rivigo’s B2B express biz in a fire sale
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Mahindra Logistics is acquiring Rivigo Services Private Limited’s B2B express business for Rs 225 crore, as per the former’s disclosure with the stock exchange. Under the terms of the agreement, Mahindra Logistics will acquire the express business including the customers, team and assets of RSPL’s B2B express business, RSPL’s technology platform and the Rivigo brand.