Shreeji Translogistics Ltd to invest in new subsidiary

The Board of Directors of Shreeji Translogistics Limited has, at its meeting held today i.e. on Monday, 22nd August, 2022, considered and approved investing in a proposed New Subsidiary Company - TKD Digitrans Tech Private Limited by subscribing to 51% paid up equity shar·e capital consisting of 5,100 equity shares of face value of Rs. 10/- each. TKD Digitrans Tech Private Limited is proposed to be engaged in the business of providing digital solutions in Transportation and Logistics sector.

TKD Digitrans Tech Private Limited is proposed to be incorporated in Bangalore, India and upon incorporation, the proposed New Subsidiary Company shall carry on the business of providing digital solutions in transportation and logistics sector on electronic platform and setting up online platforms and software applications that will help the buyers, sellers and others effectively reach each other across the globe for the transportation of goods.

Shares of Shreeji Translogistics Ltd was last trading in BSE at Rs. 294.70 as compared to the previous close of Rs. 291.10. The total number of shares traded during the day was 11484 in over 129 trades.

The stock hit an intraday high of Rs. 300.00 and intraday low of 291.50. The net turnover during the day was Rs. 3388231.00.

Source : Equity Bulls

Keywords

ShreejiTranslogistics INE402Y01010 Investment Subsidiary TKDDigitransTech