In compliance with Regulation 30(6) read with Schedule III, Part A, Para A(1) of the SEBI Listing Regulations, Mahindra Logistics has informed that the Company has today, pursuant to the approval granted by the Investment Committee of the Board of Directors of the Company, at its meeting held today Wednesday, 20 December 2023, entered into a Share Purchase Agreement (‘Agreement’) with Transtech Logistics (‘TLPL’) an associate of the Company and the Promoters of TLPL, for sale/transfer of the 39.79% stake held by the Company in TLPL, 100 equity shares of Rs 10 each and 65,988 Compulsorily Convertible Preference Shares of Rs 50 each, for a consideration of Rs 1,32,176 to be discharged by the Promoter of TLPL in cash to the Company, on the terms and conditions more specifically defined in the Agreement. The closing for the sale/transfer of the Company’s holding in TLPL is expected to be completed today. Consequently, the shareholding of the Company would become NIL and hence, TLPL would cease to be an associate of the Company. The Investment Committee of the Board of Directors of the Company has approved entering into the Agreement at 9:28 am (IST) today, 20 December 2023. Detailed disclosure in this regard as required under Regulation 30(6) and Schedule III of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023 are given in Annexure A to this letter. This intimation is also being uploaded on the website of the Company and can be accessed at the weblink: https://mahindralogistics.com/disclosures-under-sebi-regulation-46/.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 53.58 |
| TVS Supply Chain Sol | 177.70 |
| Container Corp | 808.65 |
| Mahindra Logistics | 385.35 |
| Transport Corp. | 1088.30 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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