Company has acquired 100% shareholding of the following entities and consequently, they have become wholly-owned subsidiaries of the company 1. M.R.T.C (India) Private Limited 2. ....
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Awaiting price reaction for this filing.
Paradeep Parivahan Ltd has acquired 100% shareholding in four entities, making them wholly-owned subsidiaries. Two are in transport and logistics — M.R.T.C. (India) Pvt Ltd (FY25 turnover ₹26.35 cr) bought for ₹4.78 cr, and ASK Logistiek Solutio Pvt Ltd (FY25 turnover ₹2.91 cr) bought for ₹3 lakh. The other two are in pharma and chemicals trading — Pharmachem Traders Pvt Ltd (FY25 turnover ₹6.71 cr) bought for ₹7.10 cr, and Nirkon Industries Pvt Ltd (no turnover in FY25) bought for ₹59.57 lakh. All four deals were done entirely in cash, with no share swap involved, and have already been completed. The acquisitions are classified as related party transactions, with the sellers being the promoter group or entities where the Managing Director holds directorship, though the company states these were done at arm's length.
The move expands the company's transport/logistics footprint and diversifies into pharma trading, but since all targets are related parties, minority shareholders should watch for fair valuation. Near-term stock impact may be neutral as the acquired entities are relatively small compared to the listed company.