Investment28 Sept 2026, 03:55 pm
Black Buck Ltd Invests ₹21.99 Cr in Subsidiary TZF Logistics
AI Summary
Black Buck Ltd has invested ₹21,99,99,956 (approx. ₹22 Crore) in its wholly-owned subsidiary, TZF Logistics Solutions Private Limited, through a Rights Issue. This investment aims to support TZF's business growth, expansion, and working capital needs, as well as to meet regulatory requirements for its Prepaid Payment Instrument (PPI) license. The investment does not alter Black Buck's 100% shareholding in TZF. TZF, incorporated in 2018, holds a PPI license from the RBI and operates in the Transport & Logistics sector, focusing on digital payment solutions.
Key Highlights
- Black Buck Ltd invested ₹21.99 Cr in subsidiary TZF Logistics via Rights Issue.
- Investment supports TZF's growth, working capital, and PPI license compliance.
- Black Buck maintains 100% ownership; no change in shareholding percentage.
- TZF Logistics holds an RBI PPI license and operates in Transport & Logistics.
- Investment is a related party transaction conducted at arm's length.
Price Impact
More from BLACKBUCK