Kesar Terminals Extends Long Stop Date for Subsidiary Sale to August 2025

Kesar Terminals & Infrastructure Ltd. has announced an extension of the Long Stop date for the completion of transactions contemplated under the Share Subscription & Share purchase Agreement (SSPA) with Kesar Multimodal Logistics Limited (KMLL) and DP World Multimodal Logistics Pvt Ltd. (DPW). The agreement involves the sale/disposal/transfer of up to 100% equity and/or preference stake of the Company in KMLL, its wholly-owned material subsidiary. The Long Stop date has been extended to August 31, 2025, from the original date, to fulfill certain conditions precedent and obtain necessary approvals from regulatory/statutory authorities.