With reference to its earlier intimations dated 27 December 2019 and 1 April 2020 regarding the proposed sale of entire shareholding held by the Gateway Distriparks (‘Seller’) in the Company to Adani Logistics (‘Acquirer’) by 31st March 2020, Snowman Logistics has informed that the condition for completion of transaction by 31st March 2020 was not met by the Acquirer, and the Seller has notified the Acquirer and the Company that the Agreement is not in force due to repudiation of the Agreement by the Acquirer. The Company will keep updated with additional relevant information in this regard in a timely manner. This notice is being issued by the Company pursuant to and in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
