Total Transport Systems Limited Calls Off Proposed Disinvestment of Shares in OneWorld Logistics
Total Transport Systems Limited announced that the proposed disinvestment of up to 81% shareholding in OneWorld Logistics Private Limited, a wholly owned material subsidiary, could not be completed. The cancellation of the transaction follows the failure of the buyer, Moreshwar Corporation, to fulfill specific conditions and obligations within the agreed timelines.The company confirmed that the disinvestment relates to a material subsidiary and was the subject of prior communications dated December 04, 2025, and January 05, 2026.
Total Transport Systems Limited stated that the proposed disinvestment transaction failed to consummate due to the non-fulfillment of certain conditions and obligations outlined in the term sheet by Moreshwar Corporation.
Consequently, the company announced that the special resolution that was passed on January 05, 2026, concerning the proposed disinvestment will not be acted upon, as the underlying transaction is no longer being pursued.
TOTAL Stock Price Movement
On Friday, Total Transport Systems Limited shares slipped by 2.39% to settle at ₹53.44. The stock saw a total volume of 2,025 shares traded during the session.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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