JSW Infra buys 70.4% stake in logistics firm Navkar Corp for Rs 1,013 cr

Quick Summary:

An open offer will be made to the rest of the shareholders of Navkar Corporation which will cost around Rs 412.

The acquisition will result in the company's foray into logistics and other value-added services.

While Navkar shares closed at Rs 112 a share on Thursday with a rise of 1.48 per cent, JSW Infrastructure's shares closed 2 per cent down at Rs 319 a share.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Acquisition Navkar Corporation JSW Infrastructure Ports

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 21:19:26 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21403483

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 239 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions