Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of Press Release with respect to acquiring 51% stake in newly incorporated TKD Digitrans Tech Private Limited. Kindly take the same on records.
This development will also enable STL to serve new clients, enter into new geographies and open multi-fold business opportunities.
Commenting on the announcement, the Management team of Shreeji Translogistics Limited, said "We are proud to announce the incorporation of TKD Digitrans Tech Private Limited with a 51% stake to capitalize on significant opportunities that lie ahead of us in the logistics space.
This incorporation and planned subsequent acquisition will help us in strengthening our position and enhancing our capability as tech-oriented logistics solutions provider.
We believe the digital focus combined with our impeccable record of execution will enable us to grow faster and in a sustainable manner.
With this development we move a step forward in reaching our goal of becoming a completely tech- oriented logistics solution provider in India and serve us newer markets and newer clients.”
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