Transworld fails in bid to privatise Shreyas 

India’s Shreyas Shipping and Logistics will not be privatised after all as the counter-offer made by Dubai parent Transworld Holdings failed by 2% to attract the required 90% of the outstanding shares.

Transworld had earlier this month indicated that it was sure it had built up enough support to take Shreyas off two stock exchanges in India. 

As well as its Indian coastal container trade origins, Shreyas has recently got into dry bulk.