Jet Freight Logistics rises on acquiring 51% stake in Vank Global Services
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Jet Freight Logistics is currently trading at Rs. 10.79, up by 0.20 points or 1.89% from its previous closing of Rs. 10.59 on the BSE.
The scrip opened at Rs. 10.59 and has touched a high and low of Rs. 10.89 and Rs. 10.59 respectively. So far 7014 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 31.36 on 19-May-2022 and a 52 week low of Rs. 10.37 on 10-May-2023.
Last one week high and low of the scrip stood at Rs. 11.30 and Rs. 10.37 respectively. The current market cap of the company is Rs. 49.70 crore.
The promoters holding in the company stood at 51.18%, while Non-Institutions held 48.82% stake in the company.
Jet Freight Logistics has acquired shares of the company named ‘Vank Global Services’ (VANK) representing 51% holding in VANK. The acquisition got completed with effect from May 15, 2023 on the payment of consideration and stamp duty. The acquisition is for vertical integration and increasing the scale of business.
VANK is engaged in the import and export of fresh fruits and vegetables, coconuts, ground nuts, products of plantation, horticulture, agriculture, and farm products.
Jet Freight Logistics is one of the leading freight forwarders, offering complete logistics solutions.
