Neptune Logitek Acquires 100% of Neptune Cargo Services

Neptune Logitek Ltd has announced the successful incorporation and acquisition of 100% of Neptune Cargo Services Private Limited. The acquisition involves 1,00,000 equity shares of Rs. 10 each. Neptune Cargo Services will operate in the logistics industry, providing freight forwarding services via sea, rail, and road. This move aligns with Neptune Logitek's strategy to invest in the logistics sector. The transaction is considered an arm's length basis, with key directors of Neptune Logitek also holding directorships in the acquired entity. The acquisition is expected to be completed by September 16, 2026, with cash consideration paid at face value.