VELOX SHIPPING AND LOGISTICS LIMITED : ACQUIRES 100% STAKE IN SEAMAN LOGISTICS SOLUTIONS PRIVATE LIMITED

• The company has signed an agreement for a strategic investment in Seaman Logistics Solutions Private Limited. • The agreement entails the purchase of a 100% stake in Seaman. • The transaction involves an initial acquisition of approximately 57% stake, with the remaining 43% to be completed over three years, by December 2029. • The cost of acquisition for the initial 57% stake is ₹11 Crore. • This is a strategic initiative to expand operational capacity and strengthen market position. • The acquisition is expected to be completed following procedural requirements.

Velox Shipping and Logistics Ltd

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