Timescan Logistics Board Approves Formation of Subsidiary in Indonesia for Expansion
Timescan Logistics (India) Limited has approved a proposal to form a subsidiary company in Indonesia, signaling an international expansion into logistics and allied services. The decision was made by the Company's Board of Directors on June 24, 2026.The proposed transaction involves the establishment of the Indonesian entity under a majority stake held by Timescan Logistics.
Key details regarding the new subsidiary include:
- Country of Incorporation: Indonesia
- Shareholding: The Company plans to hold a 95% shareholding in the new entity.
- Nature of Business: The subsidiary will operate in logistics and allied services, mirroring the business scope of Timescan Logistics (India) Limited.
- Subsidiary Name: The name of the subsidiary is yet to be decided.
The investment amount allocated for this proposed subsidiary is slated to be determined at a later stage and will be disclosed in accordance with applicable laws when required.
TIMESCAN Stock Price Movement
Shares of Timescan Logistics (India) Limited are edging higher to ₹42 as of 2:57 PM today, gaining a solid 5.00%. The equity trades on a volume of 6,000 shares, keeping within its daily price band of ₹38.00 to ₹42.00.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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