Transindia Real Estate Ltd lists on the Bombay Stock Exchange after Demerger from Allcargo Logistics

Transindia Real Estate Limited (BSE:543955) (NSE: TREL), formerly known as Transindia Realty & Logistics Parks Limited, successfully listed its shares on the Bombay Stock Exchange (BSE) under the ticker symbol "TREL". As an independent real estate company, demerged from Allcargo Logistics Limited, TREL is set to redefine India's industrial and logistics infrastructure.

Shashi Kiran Shetty, Founder & Chairman of Allcargo Group, said, "The successful listing of Allcargo Terminals and Transindia Real Estate is a start of new journey for these businesses as independent companies. The management team will now have sharper focus and financial flexibility and strategic independence to aspire for higher goals. Our strong business fundamentals and commitment to governance will make these companies bring great value to all stakeholders and contribute to nation building."

TREL's BSE stock listing will present investors with the chance to partake in India's booming infrastructure opportunities, especially in the commercial, warehousing, and industrial segments. With its core strength in developing and leasing industrial and logistics parks, commercial spaces, warehouses and other real estate assets, TREL is uniquely positioned to tap the demand for industrial real estate in the country. The focus is strategically aligned with parent, Allcargo Logistics' vision to spur the nation's logistics and manufacturing and bring great value to investors and shareholders.

Jatin Chokshi, Managing Director of Transindia Real Estate Limited, said, "The listing of Transindia Real Estate Limited will usher in a transformation of India's industrial and logistics infrastructure into their cutting-edge avatars. Our end-to-end capabilities for handling evolving demands of the logistics and manufacturing sectors position us as the preferred choice for premium real estate solutions. By enabling Transindia Real Estate to pursue its unique growth trajectory on the bourse, we are committed to compounding value-creation for our shareholders."

As an independent entity, TREL is prepared to bolster its innovative and progressive offerings in India's real estate. It is very well-geared to bolster businesses and contribute to the nation's bold ambitions with its vast network of world-class facilities that include built-to-suit, Grade-A warehouses and logistics parks, Container Freight Stations, and more.

Shares of TransIndia Real Estate Limited was last trading in BSE at Rs. 36.15. The total number of shares traded during the day was 18504 in over 108 trades.

The stock hit an intraday high of Rs. 40.95 and intraday low of 36.15. The net turnover during the day was Rs. 676214.00.

Source : Equity Bulls

Keywords

TransIndiaRealEstate INE0O3901029 LogisticsSolutionProvider Listing BSE NSE