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 for INR 2.5 billion 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, a minimum number of Offer Shares being tendered and regulatory approvals. BSE and NSE has given its in-principle approval for delisting of the Equity Shares on September 07, 2023. Bid closing date will be on September 26, 2023.

NovaaOne Capital Private Limited acted as a manager to the offer. Link Intime India Pvt. Ltd acted as Registrar and Share Transfer to Transworld.