Transaction Details
- The Company has signed an agreement for strategic investment in Seaman Logistics Solutions Private Limited ("Seaman") for purchase of 100% stake
- Transaction completion is subject to fulfillment of procedural requirements
Target Company Information
Name: Seaman Logistics Solutions Private Limited
Financial Details:
- Equity Capital: ₹1,00,000/-
- Turnover (2024-25): ₹50,87,64,754.65/- (₹50.88 crore)
- Profit (2024-25): ₹1,20,12,840.95/- (₹12.01 crore)
Business Background:
- Industry: Logistics
- Line of Business: Freight contracting, shipping agency services, freight and logistics related activities
- Date of Incorporation: May 27, 2011
- Country of Presence: India
Historical Turnover (Rupees in Lakhs):
- 2024-25: ₹5,087.65/-
- 2023-24: ₹3,524.25/-
- 2022-23: ₹4,400.30/-
Transaction Structure
- Initial acquisition: Approximately 57% equity stake
- Remaining 43% equity stake to be acquired over a period of three years
- Full 100% acquisition completion deadline: On or before December 2029
Regulatory and Compliance Aspects
- Not a related party transaction
- No promoter/promoter group/group companies have any interest in the target entity
- No governmental or regulatory approvals required for the acquisition (NIL)
Strategic Rationale
- Strategic initiative to expand operational capacity within existing market
- Objective to strengthen the Company's overall market position
Disclosure Compliance
- Filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference to SEBI Master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 as amended