Total Transport Systems Limited has informed the Exchange about Sale or disposal
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Awaiting price reaction for this filing.
Total Transport Systems Limited has approved, via postal ballot on January 5, 2026, the sale of up to 81% of its stake in OneWorld Logistics Private Limited, a wholly owned material subsidiary. A binding term sheet was signed on December 4, 2025, with the deal expected to close by May 30, 2026. Total consideration is INR 75 crores, to be received in tranches from Moreshwar Corporation, a partnership firm in the shipping and logistics space. The buyer is unrelated to the company's promoters. The subsidiary contributed 16% of consolidated turnover (INR 103.64 crore) and 3.28% of net worth in FY25.
Shareholders get INR 75 crores in cash for divesting a loss-making or lower-margin unit, which could strengthen the balance sheet and sharpen focus on the core logistics business. The stock may react positively if the proceeds are used to reduce debt or fund growth, though loss of 16% of consolidated revenue is a notable shrinkage in scale.