Subsidiary1 Jul 2026, 05:50 pm
Transindia Real Estate Subsidiary Ceases to be Wholly Owned
AI Summary
Transindia Real Estate Limited's wholly owned subsidiary, Allcargo Group Services Private Limited (AGSPL), is no longer fully owned. Following a preferential allotment of equity shares on July 01, 2026, to promoter group entities (Allcargo Global Limited, Allcargo Logistics Limited, and Allcargo Terminals Limited), Transindia's shareholding in AGSPL has reduced to 25%. Consequently, AGSPL has been reclassified as an Associate Company. The net worth of AGSPL as of March 31, 2026, was ₹1.62 Lakhs, contributing 0.001% to the consolidated financials.
Key Highlights
- AGSPL is no longer a wholly owned subsidiary of Transindia Real Estate.
- Transindia's stake in AGSPL reduced from 100% to 25%.
- AGSPL is now classified as an Associate Company.
- Allotment was made to promoter group entities via preferential basis.
- AGSPL's net worth was ₹1.62 Lakhs as of March 31, 2026.
Price Impact
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