KESAR TERMINALS & INFRASTRUCTURE LTD. - 533289 - Intimation Under Regulation 30 Of SEBI(LODR)Regulations, 2015 -Update.
This is further to our disclosures dated 9th November, 2022 in terms of Regulation 30 of SEBI (LODR) Regulations, 2015, regarding approval by the Board of Directors of Kesar Terminals & Infrastructure Limited ('KTIL' or 'The Company') at its meeting held on 8th November, 2022 for Sale / disposal / transfer upto 100% equity and/or preference stake of Kesar Multimodal Logistics Limited (KMLL), wholly owned material subsidiary of the Company. This is to inform you that, we have received final offer for sale of equity and/or preference stake of KMLL from the prospective buyer which is subject to the execution of definitive agreements in agreed form, the fulfilment of conditions precedent and necessary approvals from the regulatory/statutory authorities. We are enclosing herewith the required details in relation to the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 in Annexure 1.28-04-2023