The transaction will be carried out via the issuance of new shares to TWH.
Dubai-based Balaji Shipping Lines is a carrier that specialises in refrigerated and dry cargo between the Indian subcontinent and Middle East.
The form has a presence in Dubai, Saudi Arabia, Oman and UK through its subsidiaries.
In a statement, Shreyas Relay Systems said: “Upon the said acquisition, SRS would be able to extend its reach internationally and become a global logistics player offering door-to-door multimodal movement of cargo not only within Indian boundaries but also internationally.
“This acquisition brings to the table an immense opportunity to expand its scope within the logistics segment.”
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