Kesar Terminals & Infrastructure Ltd receives approval for stake sale of Kesar Multimodal Logistics Ltd

Kesar Terminals & Infrastructure Limited has received approval from Madhya Pradesh Government for 100% transfer of shares held by the Company in its Wholly owned Subsidiary i.e., Kesar Multimodal Logistics Limited in favor of DP World Multimodal Logistics Pvt Ltd.

The consummation of the above transaction is further subject to the terms and conditions of Share Subscription & Share purchase Agreement ("SSPA") dated 11.09.2023, wherein certain conditions precedent are to be complied and certain approvals are required.

Shares of KESAR TERMINALS & INFRASTRUCTURE LTD. was last trading in BSE at Rs. 88.36 as compared to the previous close of Rs. 88.44. The total number of shares traded during the day was 19866 in over 94 trades.

The stock hit an intraday high of Rs. 92.44 and intraday low of 83.13. The net turnover during the day was Rs. 1766421.00.

Source : Equity Bulls

Keywords

KESARTERMINALSandINFRASTRUCTURE INE096L01025 KTIL StakeSale KesarMultimodalLogistics DPWorldMultimodalLogistics