Joint Venture19 Feb 2024, 04:03 pm
AVG Logistics Limited Sells Investment in Joint Venture Company Realizes Profit of 15.2 Crore
AI Summary
AVG Logistics Limited, a leading multimodal logistics solutions provider, has sold its investment in NDR-AVG Business Park Private Limited, a joint venture company, and realized a profit of 15.2 crore in Q4 FY24. The company will utilize the proceeds from the transaction for working capital requirements, paying down debt, and general corporate purposes.,
Key Highlights
- AVG Logistics Limited sells investment in joint venture company
- Realizes profit of 15.2 crore in Q4 FY24
- Funds to be utilized for working capital requirements, paying down debt, and general corporate purposes