Transindia Real Estate Limited (NSEI:TREL) agreed to acquire Transindia Freight services Pvt. Ltd. from Shashi Kiran Shetty & Arathi Shetty for INR 67.8 million on May 21, 2024. The consideration consists of INR 67.80 million in cash.

As part of the consideration, INR 67.80 million was paid towards common equity. The deal is subject to regulatory approval, and has been approved by the board of directors of Transindia Real Estate Limited. The transaction is expected to be completed in 6 months.