Velox Shipping and Logistics to Acquire 100% Stake in Seaman Logistics for ₹11 Crore

Velox Shipping and Logistics Limited (formerly known as Velox Industries Limited) has announced a definitive agreement for a strategic investment to acquire a 100% equity stake in Seaman Logistics Solutions Private Limited. This transaction is structured as a phased acquisition to expand the company's operational footprint and strengthen its existing market position.

Phased Acquisition Structure & Financials

The acquisition will be executed via a cash transaction divided into two distinct phases:

Initial Phase: Velox will initially acquire a majority stake of 57% in Seaman Logistics for a total cash consideration of ₹11 crore.

Subsequent Phase: The remaining 43% equity stake will be acquired progressively over a three-year period, with full consolidation scheduled to be finalized on or before December 2029.

Rationale and Target Company Background

Incorporated on May 27, 2011, Seaman Logistics Solutions Private Limited is a domestic logistics firm engaged primarily in freight contracting, shipping agency operations, and allied supply chain activities.

Financially, Seaman Logistics has maintained a steady growth trajectory over the past three fiscal years, recording an equity capital base of ₹1,00,000. Its historical performance trends show:

- FY 2022-23 Turnover: ₹4,400.30 lakh
- FY 2023-24 Turnover: ₹3,524.25 lakh
- FY 2024-25 Turnover: ₹5,087.65 crore (₹50,87,64,754.65) with a recorded net profit of ₹1.20 crore (₹1,20,12,840.95).

Velox stated that integrating Seaman Logistics' freight contracting and agency networks will provide immediate operational capacities to back its core market segments.

Source : Equity Bulls

Keywords

VeloxShippingandLogistics StrategicInvestment SeamanLogisticsSolutions