Ganesh Infraworld Limited has approved the acquisition of a significant equity stake in Kandoi Transport Limited, marking a strategic move to strengthen its operational capabilities and support future growth.
The decision was taken at the company’s Board Meeting held on Friday, March 13, 2026, which commenced at 7:50 PM and concluded at 9:00 PM on the same day. As per the approved terms, Ganesh Infraworld will acquire a 39.78% stake in the unlisted public company.
The total transaction value stands at approximately ₹98.84 crore, comprising ₹47.15 crore in cash consideration and ₹51.68 crore through settlement of Kandoi Transport’s liabilities, subject to shareholder approval of the target company.
Kandoi Transport Limited operates in the transport and logistics sector and has demonstrated steady financial growth. The company reported a turnover of ₹548.58 crore in FY25, compared to ₹412.35 crore in FY24 and ₹359.38 crore in FY23. It has a net worth of ₹125.77 crore and posted a profit after tax of ₹18.14 crore.
Incorporated in 1995, Kandoi Transport is engaged in the business of transportation and logistics, including the carriage of goods across land, water, and air.
Ganesh Infraworld stated that the acquisition is aimed at enhancing business growth and creating operational synergies, aligning with its broader strategic objectives. The transaction is expected to be completed within 15 days, and does not fall under related party transactions.
With this acquisition, Ganesh Infraworld is set to expand its footprint in the transport sector while leveraging synergies between infrastructure and logistics operations.
