Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Accuracy Shipping Ltd. ( (IN:ACCURACY) ) has issued an update.
Accuracy Shipping Ltd. has approved the acquisition of A.R.S. Liners (India) Pvt. Ltd. and A.R.S. Terminals (India) Pvt. Ltd., both operating in the logistics sector, through a mix of cash and conversion of existing loans. The company will invest about Rs. 6.51 crore in A.R.S. Liners at a premium and Rs. 4.99 crore in A.R.S. Terminals at par, with both entities becoming subsidiaries within a month, consolidating related-party group businesses and expanding its shipping, logistics, and freight service capabilities, while the investments are stated to be on an arm’s length basis.
More about Accuracy Shipping Ltd.
Accuracy Shipping Ltd. is an India-based logistics company focused on shipping, freight, and related services. Operating in the broader logistics sector, it provides integrated transport and cargo solutions, and is seeking to consolidate its position by aligning group entities within its core shipping and logistics operations.
Average Trading Volume: 22,276
Technical Sentiment Signal: Strong Sell
Current Market Cap: 534.5M INR
For detailed information about ACCURACY stock, go to TipRanks’ Stock Analysis page.