Mumbai: Jet Freight Logistics Ltd will invest ₹18 crore to acquire a 45% stake in Dubai-based Natwest Trade & Logistics Services–FZCO, marking a strategic move to expand its international logistics network and strengthen its presence in the Middle East.
The company’s board approved the investment at its meeting held on Tuesday. Jet Freight has entered into a Share Subscription and Shareholders’ Agreement to acquire or subscribe to ordinary shares representing 45% of the investee company’s enlarged paid-up capital in one or more tranches.
The investment, which will be made entirely through cash, is expected to be completed over the next two years.
The acquisition will be made at a mutually agreed valuation, with the total investment pegged at ₹18 crore.
Dubai-based Natwest Trade & Logistics Services–FZCO operates in general trading, freight brokerage, management consultancy and technology-driven freight and cargo brokering services. The company provides digital logistics solutions through technology-enabled freight aggregation and cargo management platforms.
In its regulatory filing, Jet Freight said the investment is aimed at expanding its international footprint and strengthening its global logistics network by enhancing freight forwarding capabilities and leveraging technology-driven logistics solutions.
The company said the investment would also facilitate cross-border trade and establish a strategic presence in Dubai, one of the world’s leading logistics hubs, while supporting its long-term growth strategy.
Natwest Trade & Logistics Services–FZCO was incorporated on November 22, 2024, under the Dubai Integrated Economic Zones Authority (DIEZA)/IFZA in Dubai Silicon Oasis. The company currently has an authorised and paid-up share capital of AED 50,000, divided into 100 ordinary shares with a face value of AED 500 each.
For the financial year 2025, the Dubai-based company reported a turnover of AED 350,000.
Jet Freight said no regulatory approvals are required for the transaction. The investment is expected to enhance the company’s global service offerings as it seeks to capitalise on growing international trade flows and increasing demand for technology-enabled logistics solutions.
You can watch our interview with Richard Theknath, Chairman and MD, Jet Freight Logistics, here.