Board approves 81 percent disinvestment of OneWorld Logistics subsidiary for INR 75 cr
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On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.4 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Total Transport Systems board approved selling up to 81 percent stake in its wholly owned material subsidiary OneWorld Logistics Private Limited to Moreshwar Corporation for INR 75 crores, in tranches. The subsidiary contributed 16 percent of consolidated turnover (about INR 103.6 crores) and 3.28 percent of net worth in FY25. Deal expected by May 30, 2026. Postal ballot notice approved for shareholder approval. Buyer is not a related party.
Cash inflow of about INR 75 cr; loss of 16 percent revenue contribution from subsidiary. Subject to shareholder approval via postal ballot.