Shipping & Logistics Solution Provider Acquired 100 Per Cent Equity Shares of S J Logisol Shipping L.L.C
The company has a market cap of Rs 778 crore with an ROE of 29 per cent and an ROCE of 30 per cent.
S J Logistics (India) Limited has acquired 100 per cent equity shares of S J Logisol Shipping L.L.C, a Dubai-based company, for a cash consideration of Rs 55,76,808. The target company, registered on February 22, 2024, operates in the Shipping & Logistics sector, specifically in Sea Cargo (NVOCC Operations), Air Cargo Services, and Customs Brokerage. With a turnover of AED 367,000 from February to December 2024, S J Logisol Shipping L.L.C. will now become a wholly-owned subsidiary of S J Logistics (India) Limited.
This acquisition is a related party transaction, as Mr. Jeet Shah, a Promoter Group member, Director, and CFO of S J Logistics (India) Limited, was the sole owner of S J Logisol Shipping L.L.C. This transaction, occurring at arm’s length based on an independent valuation report, involves 100 shares representing 100 per cent ownership. The acquisition, requiring no governmental or regulatory approvals, aims to expand S J Logistics (India) Limited's overseas business in the Shipping & Logistics industry.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
S J Logistics (India) Ltd is a prominent logistics and supply chain solutions provider established in 2003. The company offers a comprehensive range of services including freight forwarding, customs clearance, and transportation handling. With a global reach, S J Logistics has processed over 3,100 bills of lading to various countries worldwide. Through strategic partnerships and a strong network, the company ensures efficient and reliable logistics solutions for both domestic and international clients, catering to diverse cargo types such as oversized, over-dimensional, critical and high-value shipments.
The company has a market cap of Rs 778 crore with an ROE of 29 per cent and an ROCE of 30 per cent. The stock is up by 90.2 per cent from its 52-week low of Rs 276 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.