Announced Mon, 20 Jul · 14:38 IST
SG Mart to acquire Tanwar Cargo Solutions for Rs 85 crore
SGMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹634.40
prior close
₹680.10
base price
In-mkt
timing
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+1.0+0.0+0.9+0.7+3.5+4.0+6.4+12.8+13.8—————
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AI summary
Board approved acquiring 100% of Tanwar Cargo Solutions (TCSPL) for Rs 85 crore cash. TCSPL has nil turnover but holds about 9.956 acres of freehold land in Haryana for future manufacturing and warehousing. Deal to close by Dec 31, 2026; TCSPL becomes wholly-owned subsidiary. Board also appointed Sanjay Gupta (APL Apollo promoter) as Chairman and MD and 3 other directors. Q1 FY27 consolidated revenue Rs 1,308.57 crore, PAT Rs 45.58 crore.
Likely market impact
Cash deal of Rs 85 crore for a land-holding shell with no operations. Director changes bring APL Apollo group leadership to SG Mart.