Shreyas Shipping book-building for delisting complete

Shreyas Shipping book-building for delisting complete

Shreyas Shipping, a prominent player in the shipping industry, witnessed a remarkable upswing of 20% in its shares on Tuesday, following the successful culmination of the book-building process for the company's delisting from stock exchanges. Shareholders demonstrated keen interest in the delisting offer, with approximately 4.3 million shares tendered, surpassing the minimum requirement of 4.07 million shares.

Transworld Holdings (THL), the entity that serves as the promoter of Shreyas Shipping, initially announced its intention to acquire shares from public shareholders in May at an ..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..