Oneclick Logistics India Limited — Important, 20-12-2024: General Updates

Oneclick Logistics India Limited has executed a Share Purchase Agreement to acquire a 51% equity stake in Nikos Freight Line Private Limited (NFPL), marking NFPL as a subsidiary. This strategic acquisition is aimed at expanding Oneclick's operational capabilities. NFPL, incorporated in November 2022, is a logistics solution provider with a turnover of ₹2.44 crore for FY 2023-24, and it reported a profit after tax of ₹0.17 crore during the same period. The transaction will be conducted through cash payment based on a valuation of ₹10 per share, with 5,100 shares being acquired. Notably, no governmental or regulatory approvals were required to facilitate this acquisition, indicating a straightforward transaction process. This development could present a positive outlook for investors, broadening the company’s service offerings in the logistics sector.