Transworld Holdings Limited made an offer to acquire additional 29.56% stake in Shreyas Shipping and Logistics Limited (BSE:520151) from a group of shareholders on May 21, 2023. Under the offer, Transworld Holdings Limited will acquire all equity shares of Shreyas Shipping and Logistics Limited held by public shareholders and consequently voluntary delist its equity shares from the BSE Limited and the National Stock Exchange of India Limited by making a delisting offer. The Board of Directors of Shreyas Shipping and Logistics Limited approved the delisting proposal at its meeting held on May 24, 2023. The proposal is subject to the approval of shareholders of Shreyas Shipping and Logistics. NovaaOne Capital Private Limited acted as a manager to the offer.

Transworld Holdings Limited cancelled the acquisition of additional 29.56% stake in Shreyas Shipping and Logistics Limited (BSE:520151) from a group of shareholders on September 8, 2023.