Brief: Trejhara Solutions Gives In-Principle Approval For Acquisition Of Logistics Company

Trejhara Solutions

06/09/2023 12:16

Sept 6 (Reuters) - Trejhara Solutions Ltd  TREJ.NS :
    * IN-PRINCIPLE APPROVAL FOR ACQUISITION OF LOGISTICS COMPANY
    * ACQUISITION OF LOGISTICS CO WITH A CONSOLIDATED REVENUE
SIZE
EXCEEDING 1 BILLION RUPEES
    * TARGET CO'S OPERATIONS IN INDIA PROPOSED TO BE MERGED WITH
TREJHARA SOLUTIONS
    * APPROVED SALE OF INTERACT DX BUSINESS TO AURIONPRO
SOLUTIONS 
    * APPROVED SALE OF INTERACT DX BUSINESS BY WAY OF A SLUMP
SALE FOR
A TOTAL CONSIDERATION UPTO 1.4 BLN RUPEES
    * DECIDED TO DIVEST ALL NON-CORE ASSETS
    * APPROVED FUND RAISING BY ISSUANCE OF EQUITY SHARES BY WAY
OF
PREFERENTIAL ALLOTMENT 
    * GAVE IN-PRINCIPLE APPROVAL TO SELL/DIVEST ENTIRE STAKE IN
UNIT
BASED IN BAHRAIN
    * APPROVED FUND RAISING BY ISSUANCE OF EQUITY SHARES WORTH
UPTO
243 MLN RUPEES
    * PROCEEDS FROM SALE MAY BE USED TO FUND GROWTH NEEDS OF CO

Source text for Eikon:  ID:nBSE7dZ4qr 
Further company coverage:  TREJ.NS 

 ((Reuters.Briefs@thomsonreuters.com;))