Transworld Shipping completes acquisition of Transworld Integrated Logistek
TRANSWORLD · price
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Transworld Shipping Lines has completed the 100% acquisition of Transworld Integrated Logistek Private Limited (TILPL), a freight forwarding and logistics company. TILPL becomes a wholly owned material subsidiary. Total outlay is INR 39.70 crores (INR 24.41 cr for shares at INR 145.34 per share, plus INR 15.29 cr for working capital). TILPL FY25 turnover was INR 190.88 crores. Related party deal done at arm's length.
Acquisition adds a freight forwarding business, expanding logistics capabilities and revenue base. Total outlay around INR 39.70 cr.