Announced Tue, 14 Jul · 17:51 IST
JFLL to acquire 45 percent stake in Natwest Trade and Logistics FZCO for Rs 18 cr
JETFREIGHT · price
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Price reaction · full curve 14 horizons · vs prior close
+5.4%1-day move
₹23.70
prior close
₹24.19
base price
After-mkt
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AI summary
Jet Freight Logistics board on July 14, 2026 approved acquiring 45 percent stake in Natwest Trade and Logistics Services FZCO, a UAE free zone firm, for Rs 18 crores via cash in tranches. Target deals in freight brokerage, digital logistics and tech-enabled freight solutions. Not a related party deal. Move aims to expand global logistics presence and freight forwarding capabilities. Completion expected within about 2 years.
Likely market impact
Expands JFLL's global logistics footprint into UAE; adds tech-driven freight capabilities. Target turnover is small, so long-term value hinges on growth execution.