Mumbai, 30 December 2021: BSE listed East West Holdings Ltd (BSE: 540006) will raise Rs. 18 crores by way of preferential allotment, the company said in an exchange filing.
The Company said its Board of Directors have approved Preferential Issue of 1,09,12,500 Equity Shares to Public and 95,00,000 Warrants convertible into Equity Shares to Promoter and Promoter Group and Public category. The proceeds of this issuance will be used by the Company for acquisition and growth and expansion of the business of the Company.
On this Mr. Mohammed Ajaz Shafi – Managing Director & CEO said, “We are very optimistic about the future growth plans of our Company and there are several business expansion plans underway which will be announced in due course.”
East West Holdings Limited (EWHL) is engaged in providing total logistic solution through its Wholly Owned Subsidiary (WOS) East West Freight Carriers Limited (EWFCL) established in 1976 and has presence in the Indian Freight Forwarding & Logistics space for more than 45 years.
Backed by over 45 years of experience, the Company provides superior quality services in India in the trade of Global Logistics and Freight Forwarding. The Company is keeping pace with the change of time through the committed efforts of its team and by adopting technologically advanced logistics solutions.
EWFCL is Affiliated with all relevant industry bodies viz. IATA, FIATA, FFFAI, ACCAI, DACCAI, BCBA and FIEO.
EWFCL has tie-up with global airline & major international shipping lines, and aims to offer lowest – price, transit time, fixed allocations and lift capacity of carriers in each major trade lane, with an excellent and professional network of operators who are available round the clock, the Company assures timely and cost effective delivery of the goods to the desired location.
