Velox Shipping to Acquire 100% Stake in Divinus Express Logistics

Velox Shipping and Logistics Ltd has signed an agreement to strategically invest in Divinus Express Logistics Private Limited, with plans to acquire a 100% stake. The initial acquisition will be for 63% of the equity for INR 5 Crore, with the remaining 37% to be acquired over three years, by December 2029. This move is aimed at expanding operational capacity and strengthening the company's market position within the logistics sector. Divinus Express Logistics reported a turnover of Rs. 15.12 Crore and a profit of Rs. 29.85 Lakhs for FY25.