Promoter buys 12% in SG Green Logistics for Rs 35.99 Cr in personal capacity
NECCLTD · price
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Mr. Utkarsh Jain, Promoter and Director of North Eastern Carrying Corporation, has acquired 12% (3,356 equity shares) in SG Green Logistics Private Limited for Rs. 35.99 Crores in cash, in his personal capacity. SG Green Logistics is in the fleet carriage and goods transport business, incorporated in April 2022, with turnover rising from Rs. 49.57 Cr (FY24) to Rs. 83.37 Cr (FY26). NECC clarified the deal is not a related party transaction and has no material impact on the company's operations, management, or shareholding.
Personal investment by promoter; no direct impact on NECC's operations, financials, or shareholding structure.