Subsidiary Executes Memorandum for Sale of Crane Pontoon Barge in Marine Asset Portfolio Streamlining
Arcadia Logistics Limited, a subsidiary of Arvind Port and Infra Limited, has formalized the sale and transfer of a specialized marine asset. The company executed a Memorandum of Agreement (MOA) on Saturday, June 27, 2026, agreeing to the disposal of a Crane Pontoon Barge named "KB 19."The transaction involves the sale to Vrinda Marine LLP. The vessel, registered with the Mercantile Marine Department (MMD), Jamnagar, bears Registration No. JMR-0006.
This movement is part of the Group's continuous efforts toward evaluating and optimizing its marine asset portfolio. The strategic divestment aligns with the company's focus on enhancing operational efficiency and supporting future growth initiatives within the sector.
The details of the marine asset transaction are as follows:
| Detail | Information |
|---|---|
| Subsidiary Seller | Arcadia Logistics Limited (Subsidiary of Arvind Port and Infra Limited) |
| Asset Sold | Crane Pontoon Barge "KB 19" |
| Buyer | Vrinda Marine LLP |
| Vessel Registration No. | JMR-0006 |
| Registration Authority | Mercantile Marine Department (MMD), Jamnagar |
The transfer of the vessel will be completed according to the established terms and conditions outlined in the Memorandum of Agreement. Arvind Port and Infra Limited stated that this transaction is not expected to have any material impact on its overall business operations.
NRVANDANA Stock Price Movement
N R Vandana Tex Industries Limited shares slipped on Thursday, shedding 2.56% to close at ₹69.15. The stock recorded a traded volume of 276,000 shares as the session concluded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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