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.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 8.15 |
| TVS Supply Chain Sol | 131.80 |
| Container Corporat. | 469.45 |
| Delhivery | 465.20 |
| Mahindra Logistics | 367.65 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: