Mahindra Logistics has informed that in continuation to the intimation dated 29 Jan 2019, for extension of indicative timeline for completion of purchase of 22,500 (0.952%) equity shares of Lords Freight (India) Private Limited (Lords), Subsidiary Company from an existing shareholder of Lords, upto 31-Dec-2019, the company informed that the said purchase of 22,500(0.952%) equity shares of Lords could not be completed on account of certain transactional & health issues at the Transferors end. Given the situation,it is difficult to ascertain an indicative timeline for completion of the purchase formalities of the balance 0.952% of Lords & consummation of the transaction. The Company continues to pursue the purchase of the said equity shares & shall make necessary disclosures, from time to time,for updating the indicative timeline for completion of the transaction in compliance with Regulation 30 & other applicable provisions of the Listing Regulations. Detailed disclosure in this regard is attached herewith for records.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Allcargo Logistics | 67.16 |
TVS Supply Chain Sol | 170.65 |
Container Corp | 1074.55 |
Mahindra Logistics | 430.90 |
Transport Corp. | 836.85 |
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