Forbes & Company completes slump sale of Veshvi CFS for Rs 43 crore

Forbes & Company has completed the slump sale of Veshvi Container Freight Stations (CFS) to TG Terminals with effect from August 05, 2016. The company has received an aggregate consideration of Rs 43 crore for the aforesaid transaction.

In April this year, the company had successfully completed the slump sale of Mundra CFS to TG Terminals. The company had received an aggregate consideration of Rs 53.5 crore for the aforesaid transactions.

Forbes and Company is an industrial conglomerate with the business of engineering, shipping and logistics and transaction management solutions.