Home » » » » Allcargo logistics ltd acquisition of 30% stake of Gati-Kintetsu Express Private Limited

Allcargo logistics ltd acquisition of 30% stake of Gati-Kintetsu Express Private Limited

 With reference to our outcome of Board Meeting dated November 09, 2022 and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), this is to inform you that Share Purchase Agreement has been signed between the Company, KWE-Kintetsu World Express (S) Pte Ltd (“KWE Singapore”), KWE Kintetsu Express (India) Private Limited (“KWE India”), Gati Limited and Gati-Kintetsu Express Private Limited (“GKEPL”) for acquisition of aggregate 1,50,000 Equity Shares i.e. 30% stake of GKEPL, comprising of 1,30,000 Equity Shares (i.e. 26% stake) in GKEPL from KWE Singapore and 20,000 Equity shares, i.e. 4% stake in GKEPL from KWE India, for an aggregate consideration of INR 406,70,50,000/-.

Comments

Post a Comment

Popular posts from this blog

Chemicals Result Summary Jun-2024

Indicator Sumitomo Che Laxmi Organi SRF Ltd. Aether Indus Jubilant Ing Himadri Spec EBITA YOY C 105.34 -3.13 -29.19 15.73 -18.97 50.3 S 106.93 27.69 -31.52 15.37 -42.25 48.82 Profit YOY C 105.41 -10.37 -29.8 .4 -15.62 42.6 S 107.84 22.06 -31.6 .15 -40.22 40.83 Compren. YOY C 106.64 -10.16 -20.14 .51 -12.33 -8.05 S 109.17 22.07 -34.58 .26 -40.45 -9.7 EPS YOY C 104.84 -14.48 -29.79 .44 -15.15 25.13 S 107.26 17.48 -31.63 -40.12 23.76 EBITA QOQ C 14.96 -20.6 -22.41 445.14 28.31 7.81 S 16.09 -10.78 -26.74 367.31 -15.43 9.15 Profit QOQ C 15.28 -22.46 -40.26 -2196.08 66.08 6.6 S 17.49 -15.93 -42.82 2819.5 5.78 7.71 Compren. QOQ C 15.65 -22.07 -26.19 -2241.27 54.67 8.58 S 17.59 -15.64 -40.23 2737.62 1.31 9.13 EPS QOQ C 15.45 -23.93 -40....
Read more

Carysil Limited renews Contract with “KARRAN INC. USA” for supply of Quartz Kitchen Sink for value of ~ USD 68 million over the period of 5 years

  Carysil Limited (Formerly Known as Acrysil Ltd.), one of the leading manufacturer of “Quartz Kitchen Sinks” in world with German technology, has renewed its Contract with “ KARRAN INC. USA ”, for the supply of Quartz kitchen sinks for value of ~ USD 68 million equivalent to ~ Rs. 550 Crores over the period of 5 years commencing from FY24.   Commentating on the above, Mr Chirag Parekh, Chairman & Managing Director, Carysil Limited, said:   “We are happy to enter into contract for the supply of Quartz kitchen sinks to ‘KARRAN’ for US market over the period of five years. We value our business relationship with Karran and expect to strengthen it further in coming years. KARRAN is rapidly taking over Quartz Kitchen Sink sales in USA from most other manufactures. We understand that global customers are looking at trusted supply manufacturing partner in India; hence, the Europe+1 strategies have b...
Read more

L&T signs Agreement with McPhy for Electrolyzer Manufacturing

  Technology leadership and emphasis on local manufacturing to bring down manufacturing cost of electrolyzers Mumbai/Paris : Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, today have entered into an Electrolyzer Manufacturing Binding Agreement with McPhy Energy (Euronext Paris: FR0011742329, MCPHY.PA), a France-based leading electrolyzer technology and manufacturing company, for a long-term partnership to explore the opportunities unfolding in the emerging Green Hydrogen market.   Under this partnership, McPhy will grant an exclusive license of its pressurised alkaline electrolyzer technology to L&T for manufacturing of electrolyzers, including future product upgrades. L&T plans to set up a Gigawatt-scale manufacturing facility for electrolyzers based on McPhy technology in India to serve the domestic requirements as well as cater to the other selected geographies.   The proposed agreement is in ...
Read more