Investment19 Dec 2025, 07:12 pm
Velox Shipping and Logistics Ltd to Acquire 98% Stake in Consolidated Container Shipping Line LLC Dubai for Rs. 5 Crore
AI Summary
Velox Shipping and Logistics Ltd, formerly known as Velox Industries Limited, has signed a Term Sheet/ MOU for an investment in Consolidated Container Shipping Line LLC Dubai (CCSL Dubai). The company plans to purchase a 98% stake in CCSL Dubai, subject to procedural requirements. The cost of acquisition is Rs. 5 Crore. CCSL Dubai is engaged in providing cargo packaging, sea cargo services, sea shipping line agents, sea containers loading and unloading services, and other related freight and logistics activities. It has a turnover of AED 40,54,977 in 2024-25, AED 54,78,887 in 2023-24, and AED 13,49,893 in 2022-23. The company is based in the United Arab Emirates.
Key Highlights
- Velox Shipping and Logistics Ltd to invest in Consolidated Container Shipping Line LLC Dubai
- The company to purchase a 98% stake in CCSL Dubai for Rs. 5 Crore
- CCSL Dubai provides various logistics and freight services
- CCSL Dubai has a turnover of AED 40,54,977 in 2024-25
- The acquisition aims to expand Velox's business in international markets