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5 months ago
BRIEF-Shreyas Shipping & Logistics' unit to buy 99.9 pct stake in Balaji Shipping Lines
March 9, 2017 / 8:25 AM / 5 months ago

BRIEF-Shreyas Shipping & Logistics' unit to buy 99.9 pct stake in Balaji Shipping Lines

March 9 (Reuters) - Shreyas Shipping And Logistics Ltd

* Says board approved Shreyas Relay Systems to buy 99.99 percent stake in Balaji Shipping Lines FZCO

* Says consequent to the said issue, co would hold less than 50 percent of the shareholding in SRS

* Says as consideration for deal, co to issue fully paid up equity shares to Transworld Holdings Ltd Source text: bit.ly/2m1WZ1e Further company coverage:

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