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Jet Freight Logistics acquires 51% stake in Vank Global Services

16 May 2023 Evaluate

Jet Freight Logistics has acquired shares of the company named ‘Vank Global Services’ (VANK) representing 51% holding in VANK. The acquisition got completed with effect from May 15, 2023 on the payment of consideration and stamp duty. The acquisition is for vertical integration and increasing the scale of business.

VANK is engaged in the import and export of fresh fruits and vegetables, coconuts, ground nuts, products of plantation, horticulture, agriculture, and farm products.

Jet Freight Logistics is one of the leading freight forwarders, offering complete logistics solutions.

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