Transindia Real Estate Subsidiary Scraps Proposed Private Placement/Preferential Issue

Transindia Real Estate Ltd. has announced that its wholly owned subsidiary, Allcargo Group Services Private Limited (formerly Allcargo Warehousing Management Private Limited), has decided not to proceed with the proposed private placement/preferential issue of equity shares. The decision comes after the matter was kept under further consideration by the proposed allottees. The subsidiary, Allcargo Group Services Private Limited, still remains a wholly owned subsidiary of the company. The company has committed to informing stakeholders of any reconsideration of the private placement/preferential issue.