MoU13 Feb 2026, 06:02 pm
Pro CLB Global Ltd Enters MOU with Myzek Logistics for Strategic Investment in Logistics Business
AI Summary
Pro CLB Global Limited has entered into a Memorandum of Understanding (MOU) with Myzek Logistics Private Limited, operating under the brand 'Dropon', for a proposed strategic association, investment, and long-term collaboration in the logistics and last-mile delivery business. The MOU outlines an initial strategic investment and/or share swap equivalent to 20% stake in Myzek, with a proposed investment of up to INR 3,00,00,000 in one or more tranches. The agreement also includes board representation rights and potential future restructuring.
Key Highlights
- Pro CLB Global Ltd to invest in Myzek Logistics Private Limited
- Initial strategic investment and/or share swap equivalent to 20% stake in Myzek
- Proposed investment of up to INR 3,00,00,000 in one or more tranches
- Board representation rights for both parties
- Potential future restructuring including formation of holding-subsidiary structure or joint venture