Neptune Logitek to Acquire 100% Stake in Neptune Maritime Pvt Ltd

Neptune Logitek Ltd announced its board's decision to acquire 100% paid-up equity share capital of a proposed company, Neptune Maritime Private Limited. The acquisition involves 1,00,000 equity shares of Rs. 10 each. This move is strategic, aligning with the company's objective to invest further in the logistics business. The target entity will provide freight forwarding services via sea, rail, and road. The acquisition is considered a related party transaction as the promoter group holds a controlling interest. The consideration is cash, with shares acquired at face value.