TCI Express Ltd is in the process of acquiring stae in Uketoru Co, Ltd, Japan (Investee Company). Uketoru is an Express B2C technology Company.
The company will acquire 7.70% of total share capital of investee company for an amount of 20 million Yen. The acquisition is a strategic investment for business growth of the company.
The acquisition does not fall within Related Party Transaction. The Promoter / Promoter Group / Group Companies have no interest in the Investee Company.
The turnover of investee company for the year ended March 31, 2018 was 13,65,635 Yen.
Shares of TCI Express Ltd was last trading in BSE at Rs.731 as compared to the previous close of Rs. 696.05. The total number of shares traded during the day was 3876 in over 302 trades.
The stock hit an intraday high of Rs. 740 and intraday low of 690.05. The net turnover during the day was Rs. 2803908.