Acquisitions19 Feb 2026, 09:01 pm
Lancer Container Lines Ltd Allots 10.29 Crore Shares on Preferential Basis for PKMGT Acquisition
AI Summary
Lancer Container Lines Ltd has allotted 10,28,69,409 fully paid-up equity shares on a preferential basis to several individuals for a consideration other than cash. This allotment is towards the discharge of the total consideration payable for the acquisition of the entire fully paid-up equity share capital of P K M General Trading L.L.C. (PKMGT). Consequently, PKMGT has become a wholly owned subsidiary of the Company and PT Map Trans Logistic, a subsidiary of PKMGT, has become a step-down subsidiary of the Company. The paid-up equity share capital of the Company stands increased from Rs. 1,25,19,71,545/- to Rs. 1,76,63,18,590/-. The allotment was made in compliance with Regulation 30 of Listing Regulations, 2015.
Key Highlights
- Lancer Container Lines Ltd allotted 10,28,69,409 equity shares on a preferential basis.
- The allotment was made for the acquisition of PKMGT for a non-cash consideration.
- PKMGT became a wholly owned subsidiary of Lancer Container Lines Ltd post allotment.
- PT Map Trans Logistic, a subsidiary of PKMGT, became a step-down subsidiary of Lancer Container Lines Ltd.
- The paid-up equity share capital of the Company increased from Rs. 1,25,19,71,545/- to Rs. 1,76,63,18,590/-.