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Velox Shipping inks pact to acquire 100% stake in Divinus Express Logistics

25 Jun 2026 Evaluate

Velox Shipping and Logistics has signed an agreement with respect to strategic investment in Divinus Express Logistics (Divinus) for purchase of 100% stake therein following the completion of the procedural requirements. The investment in acquiring a 100% stake in Divinus is a strategic initiative to expand operational capacity within the existing market and strengthen the company's overall market position.

The company proposes to acquire a majority stake, around 63%, in Divinus at the outset, with the acquisition of the remaining equity stake that is around 37%, which will be completed over period of three years, and in any event on or before December 2029. Cost of acquisition for around 63% stake is Rs 5 crore.

Divinus is engaged in providing services of freight contracting, shipping agency services, other related freight and logistics related activities. 

Velox Shipping and Logistics (Formerly Velox Industries) trades, merchants, imports, exports, buys and sells all kinds of materials and commodities including machinery, equipment, textiles, leather goods, vanaspati, and chemicals.

Velox Shipping & Log Share Price

17.01 0.00 (0.00%)
02-Mar-2023 18:03 View Price Chart
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