Shreeji Translogistics acquires 51% stake in ‘TKD Digitrans'; stock zooms ~3%

19 Sep 2022 , 02:29 PM

Shreeji Translogistics Limited (STL), a surface logistics and package delivery service provider located in India, announced the incorporation of TKD Digitrans Tech Private Limited on September 16, 2022.

The company stated that one of the key goals of TKD Digitrans is to purchase the recognised assets and liabilities of TKD Communications LLP, which has a Google Play Store app called TKDost that connects Transporters, Truck Owners, and Agents and assists in the arrangement of loads/vehicles from anywhere in India.

This app now has over 7,000 active users and over 80,000 load posts.

TKD Digitrans was founded with the goal of providing technologically enabled integrated logistics solutions. It will concentrate on establishing, upgrading, and maintaining a digital platform that will link and host an ecosystem of transport providers and truck owners, resulting in a highly agile and timely service network covering the length and width of India.

This advancement will also allow STL to service more clients, expand into new geographies, and create new business prospects.

At around 2.33 PM, Shreeji Translogistics was trading 2.62% higher at Rs303.90, against previous close of Rs296.15 on BSE. So far, it hit intarday high and low of Rs315 and Rs297.85 respectively.

For feedback and suggestions, write to us at [e-mail]