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Starlog Enterprises’ arm gets nod to sell entire stake of India Ports & Logistics

16 Dec 2022 Evaluate

Starlog Enterprises’ wholly owned subsidiary -- Starport Logistics (SLL) has received approval to sell its entire stake being 75,00,060 Equity Shares aggregating to 29.60% of the paid-up Equity Share Capital in its Associate Company, India Ports & Logistics (IPLPL) for an aggregate consideration of Rs 16.50 crore to Bollore Logistics India. In connection of the same, Starport Logistics has entered in a Share Purchase agreement (SPA) dated December 14, 2022 for disposal of its entire stake of 29.60% Equity holding held in IPLPL.

Pursuant to execution of the SPA and transfer of shares, SLL’s shareholding in IPLPL would become nil, and as a result, IPLPL would cease to be an associate company of SLL.

Starlog Enterprises incorporated in 1983 specializes in Crane hiring, Port infrastructure and Port Services.

Starlog Enterprises Share Price

37.59 0.20 (0.53%)
13-Jul-2026 13:11 View Price Chart
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