Shreyas Shipping & Logistics Limited

Shreyas Shipping & Logistics Limited has informed the Exchange vide its letter dated September 05, 2007 that "Our Company has acquired a stake of 51% in Haytrans (India) Ltd. making Haytrans a subsidiary of the Company. Haytrans' thriving presence in international freight forwarding , worldwide network of 17 offices, established global reach, industry competence and strategically developed worldwide air freight and ocean freight network would effectively compliment Shreyas' logistics business resulting in synergy in operations and increase in the geographical spread".