Skyways Air subsidiary acquires 76% of Sageroute Logistics for ₹76,000

Skyways Air Services Ltd announced that its material subsidiary, Brace Port Logistics Limited, will acquire 76% of Sageroute Logistics Private Limited for a maximum of ₹76,000. Sageroute Logistics, incorporated on July 28, 2026, is a newly formed entity with no historical turnover. The acquisition aims to expand Skyways Air's business operations, explore new opportunities, and strengthen its market presence in the integrated logistics sector. Upon completion, Sageroute Logistics will become a step-down subsidiary. The total consideration includes an initial purchase price not exceeding ₹76,000 and a subsequent capital infusion of ₹75,24,000. No specific regulatory approvals are identified as immediately required, and the acquisition is expected to be completed within 30 days.