Shreyas Shipping gains 9%, arm to sale 51% stake in SRS Freight

Moneycontrol BureauShare price of Shreyas Shipping & Logistics gained over 9 percent intraday Friday as its subsidiary company is going to sale its stake in SRS Freight Management.The company's wholly owned subsidiary Shreyas Relay Systems has decided to sell its stake of 51 percent in SRS Freight Management to BSL Freight Solutions.The meeting of the board of directors of the company will be held on November 10, 2016, to consider and approve unaudited financial results for the quarter and half year ended on September 30, 2016.At 12:22 hrs Shreyas Shipping was quoting at Rs 291, up Rs 8.95, or 3.17 percent on the BSE.Posted by Rakesh Patil