Velox Shipping inks pact to acquire 98% stake in Anchorage
The acquisition is to be completed on or before December 2026
Velox Shipping and Logistics has signed an agreement with respect to investment in Anchorage Shipping, a Partnership Firm (hereinafter referred to as Anchorage), for the purchase of 98% stake which for an amount aggregating to Rs 15.00 crore. The object of acquisition is to expand its business operations to explore investment opportunities. The acquisition is to be completed on or before December 2026.
Velox Shipping and Logistics (Formerly Velox Industries) trades, merchants, imports, exports, buys and sells all kinds of materials and commodities including machinery, equipment, textiles, leather goods, vanaspati, and chemicals.
