Patel Integrated Logistics has signed a Letter of Intent (LoI) with Sumar Logistics & Industrial Park to acquire warehouse of 35,000 square feet carpet area in Gujarat on 30 year lease basis.

The Letter of Intent is subject to final lease agreement. This step has been taken by the company as a part of expansion plan for warehouse business.

Total volume of shares traded on the bourses today was lower by 77.88% to 35,013 compared with 22-day average volume of 158,312.

Shares of the company declined Rs 0.65, or 0.73%, to trade at Rs 88.40. The total volume of shares traded was 9,013 at the BSE (10.19 a.m., Tuesday).