Ashapura Logistics Limited Invests in Synergy Cargo Logistics Private Limited
Ashapura Logistics Limited announced an investment in Synergy Cargo Logistics Private Limited (“Synergy Cargo”) on April 2, 2026. The Board of Directors approved the investment, which will be made through the subscription of Optionally Convertible Debentures and Equity Shares.Under the agreements, Ashapura Logistics Limited will invest an aggregate amount comprising Optionally Convertible Debentures and equity shares of Synergy Cargo. The investment aims to support Synergy Cargo's working capital requirements, operational expansion, and long-term growth. The agreements also contemplate governance rights, strategic cooperation, and future investment/acquisition rights for Ashapura Logistics Limited.
Synergy Cargo Logistics Private Limited was incorporated on September 4, 2025. As of March 31, 2026, Synergy Cargo reported a turnover of INR 7,46,60,000. The company operates in the logistics industry.
The investment is structured as follows:
| Sr. No. | Detail | Particulars |
|---|---|---|
| 1 | Equity Shares Acquisition | Acquisition of 25,000 equity shares of face value INR 10/- per share, at a price of INR 10/- per share. |
| 2 | Optionally Convertible Debentures Acquisition | Acquisition of 20,00,000 Optionally Convertible Debentures at a price of INR 10/- per debenture. |
| 3 | Percentage of Shareholding | 25% |
| 4 | Total Consideration | Up to INR 2,50,000 for Equity Shares and up to INR 2,00,00,000 for Optionally Convertible Debentures. |
The acquisition is subject to the fulfillment of stipulated conditions in the respective agreements and compliance with applicable statutory and regulatory requirements and is expected to be completed on or before May 02, 2026.
Registered Valuer CS A. Someswara Rao (IBBI Registration No.: IBBI/RV/02/2019/11544) determined the valuation.
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