MoU17 Jan 2026, 05:22 pm
Sellwin Traders to Acquire 20% Stake in Myzek Logistics; Proposed Share Swap at Rs. 15 Per Share
AI Summary
Sellwin Traders Limited has entered into a Memorandum of Understanding (MOU) with Myzek Logistics Pvt Ltd, intending to acquire an initial equity stake of up to 20% in Myzek Logistics, with the potential to increase its holding to up to 35% over time. The deal can be structured in the share swap at Rs. 15 per share. Myzek Logistics, operating under the brand ‘Dropon’, handles logistics for JioMart, Zomato, and Blinkit. The MOU also contemplates funding support of up to Rs. 5 crore by Sellwin Traders. This strategic partnership is expected to provide long-term capital support, strategic guidance, and enhanced credibility for Myzek Logistics as it enters its next phase of growth.
Key Highlights
- Sellwin Traders to acquire up to 20% stake in Myzek Logistics initially, with an option to increase up to 35% in a phased manner
- Myzek Logistics handles logistics for JioMart, Zomato, and Blinkit under the Brand name ‘Dropon’
- The deal can be structured in the share swap at Rs. 15 per share of STL
- Funding support of up to Rs. 5 crore by Sellwin Traders, which may be structured as a convertible instrument
- Myzek Logistics has demonstrated strong early traction with over 68,000 registered users and delivery of more than 5.03 lakh orders