Investment29 Nov 2025, 03:44 pm
Velox Shipping and Logistics to Invest INR 15 Crores in Anchorage Shipping
AI Summary
Velox Shipping and Logistics Ltd has signed an agreement to invest in Anchorage Shipping, a Partnership Firm, for a cash consideration of INR 15.00 Crores. This investment will give Velox Shipping and Logistics a 98% stake in Anchorage Shipping. The investment is aimed at expanding business operations and exploring investment opportunities. The investment is expected to be completed on or before December, 2026.
Key Highlights
- Velox Shipping and Logistics to invest INR 15 Crores in Anchorage Shipping
- Investment will give Velox Shipping and Logistics a 98% stake in Anchorage Shipping
- Investment aimed at expanding business operations and exploring investment opportunities
- Investment expected to be completed by December, 2026
- Anchorage Shipping is engaged in providing services of Shipping, clearing and forwarding, Customs House Broking and also undertakes the business of freight forwarding including cargo handling, various services using multi-modal transportation and representing the interest of foreign and Indian Shipping Lines as agents in any parts or place of business in India