Deals2 Jul 2026, 11:22 am
Promoter Utkarsh Jain Acquires 12% Stake in SG Green Logistics for ₹35.99 Cr
AI Summary
Mr. Utkarsh Jain, Promoter and Director of North Eastern Carrying Corporation Ltd, has acquired a 12% stake (3356 Equity Shares) in SG Green Logistics Private Limited for ₹35.99 Crores in his individual capacity. The acquisition does not have any material impact on North Eastern Carrying Corporation Ltd as it is a personal transaction. SG Green Logistics Private Limited, incorporated in April 2022, operates in the logistics sector, focusing on fleet carriage and goods transportation. The target company reported turnovers of ₹49.57 Cr (2023-24), ₹64.16 Cr (2024-25), and ₹83.37 Cr (2025-26). This disclosure is made for transparency and regulatory compliance.
Key Highlights
- Promoter acquired 12% stake in SG Green Logistics for ₹35.99 Cr.
- Acquisition is in individual capacity, no material impact on NECC.
- SG Green Logistics operates in fleet carriage and goods transportation.
- Target company shows increasing turnover over the last three years.
Price Impact
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