Transindia Real Estate has acquired a 6.62% stake in AGL Warehousing (AGL), a Subsidiary of the company from Contech Solutions, a related party of the company through Share Purchase Agreement (SPA). Consequently, AGL has now become a Wholly Owned Subsidiary of the company.
The company currently hold 93.38% of AGL. Further acquisition of 6.62% equity shares of AGL is aligned with the company’s strategic goal of fully integrating AGL Warehousing into its corporate structure. This move is anticipated to streamline its operations and enhance the overall value generated from its warehousing activities.
Transindia Real Estate is engaged in the business of Leasing of land and Commercial Properties, Logistics Park, Warehousing, real estate development and leasing activities, Engineering and equipment hiring solutions and other related businesses.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
| View more.. | |
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