Please find enclosed intimation with respect to Share Purchase and Share Subscription Agreement.
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Lancer Container Lines' board on November 14, 2025 approved the acquisition of 100% equity share capital of UAE-based P K M General Trading L.L.C (PKM GT), which holds Indonesian logistics firm PT Map Trans Logistic as a wholly owned subsidiary. The total deal consideration is Rs. 203.37 crore, to be paid entirely through a share swap by issuing 10.28 crore equity shares at Rs. 19.77 per share to the five sellers. Post acquisition, PKM GT will become a wholly owned subsidiary and PT Map a step-down subsidiary. The acquisition aims to strengthen the company's presence in Indonesia and the UAE, leveraging its container inventory for export hubs like cashew nuts, palm oil, and spices. To facilitate the share issuance, authorised share capital is being raised from Rs. 150 crore to Rs. 1,000 crore, subject to shareholder approval. Separately, Q2 FY26 consolidated revenue fell sharply to Rs. 93.67 crore from Rs. 202.09 crore YoY, with profit after tax at Rs. 6.77 crore vs Rs. 15.91 crore.
The deal will dilute existing shareholders by issuing roughly 45% new equity (10.28 crore shares on existing ~25 crore base), but brings a profitable Indonesian logistics arm with Rs. 232 crore turnover in CY2024. Short-term stock may react negatively to share dilution and weak Q2 results, while longer-term value depends on synergies in Indonesia-UAE trade lanes.