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Ganesh Infraworld Ltd has completed the acquisition of 2,20,602 equity shares in Kandoi Transport Limited through a rights issue. This increases its shareholding to 60%, making Kandoi Transport Limited a subsidiary of the company. The acquisition strengthens the company's presence in the unlisted public transportation sector.
Ganesh Infraworld Limited is acquiring a controlling stake in Kandoi Transport Limited for ₹2.21 Crore in cash. The acquisition, expected to complete by April 30, 2026, aims to create operational synergies in transport and mining development. The target entity reported a turnover of ₹371.64 Crore.