Mumbai : Patel Integrated Logistics has received approval from its board for sale and transfer of company’s surface transport business carried on in a division called ‘Patel Roadways’ on a going concern basis by way of Slump sale to Innovative Logistics Service, which is a wholly owned subsidiary of Stellar Value Chain Solutions upon terms and conditions contained in. The business transfer agreement being entered between the company and purchaser is for a total consideration of Rs 38.50 crore.
Patel Integrated Logistics offers International as well as domestics transporation services, and distribution services. The company is also engaged in the business of Co-Loading of Courier, Surface Transportation, Consolidation of Cargo.
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