Kesar Terminals Extends Long Stop Date for Subsidiary Sale to DP World

Kesar Terminals & Infrastructure Ltd. has issued an intimation under Regulation 30 of SEBI LODR 2015, announcing the 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 pertains to the sale or disposal or 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 September 15, 2025, subject to the fulfillment of conditions precedent and necessary approvals from regulatory/statutory authorities.