Velox Shipping and Logistics Limited has agreed to acquire a 98% stake in Consolidated Container Shipping Line LLC Dubai (CCSL Dubai) for ₹5.00 crores. The cash transaction is part of Velox's international expansion strategy. CCSL Dubai operates in the logistics sector, offering services such as cargo packaging, sea cargo services, and container handling. The acquisition is expected to be completed by December 2026 and does not require regulatory approvals.
Velox Shipping Acquires 98% Stake in Dubai Firm for ₹5 Crores
