Total Transport Systems Limited has informed the Exchange regarding 'Material Update with respect to Disinvestment of up to 81% shareholding in OneWorld Logistics Private Limited, a Material Subsidiary of the Company.
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Total Transport Systems Limited has announced that its proposed disinvestment of up to 81% stake in OneWorld Logistics Private Limited (a material subsidiary) has fallen through. The buyer, Moreshwar Corporation, failed to fulfill certain conditions and obligations within the agreed timelines as per the term sheet. The special resolution passed on January 05, 2026, for this transaction will not be acted upon. The company is no longer pursuing this disinvestment deal.
The company retains its stake in OneWorld Logistics Private Limited. The failed transaction may indicate execution challenges and delays in asset monetization, which could be viewed negatively by investors expecting proceeds from the divestment.