In a strategic move to expand its footprint in the logistics sector, Lancer Containers has announced the acquisition of Bulkliner Logistics Limited (BLL), a specialized bulk liquid logistics provider. The deal, valued at ₹12.03 crore, includes a mix of cash payment and equity share swap.
Details of the Acquisition
Under the terms of the agreement, the acquiring company will purchase 1.06 crore equity shares of BLL, representing 100% of its equity share capital. The acquisition cost is pegged at ₹11.30 per share. The payment structure involves:
- ₹2.26 crore in cash, and
- ₹9.77 crore via share swap, with the issuance of up to 23.27 lakh equity shares of the acquiring company on a preferential basis.
The transaction is subject to shareholder and regulatory approvals, with completion expected within the next 2–3 months.
About Bulkliner Logistics Limited
Incorporated in 2017, BLL is a public company headquartered in Navi Mumbai, Maharashtra. It specializes in bulk liquid logistics solutions, serving industries like petroleum oil, edible oil, food, latex, and chemicals. Its innovative services make logistics more efficient and affordable for its clients.
Key Highlights of BLL:
- Turnover:
- FY 2023-24: ₹5.73 crore
- FY 2022-23: ₹4.39 crore
- FY 2021-22: ₹10.67 crore
- Market Presence: India
- Core Services: Integrated logistics solutions for liquid products
Strategic Rationale
The acquisition will transform BLL into a wholly owned subsidiary of the acquiring company. It aligns with the company’s long-term goal of diversifying and strengthening its logistics capabilities. By leveraging BLL’s expertise in bulk liquid transport, the acquirer aims to tap into growing demand across multiple industries.
The company also anticipates significant operational synergies and enhanced service offerings as a result of the deal.
Statement on the Acquisition
A spokesperson for the acquiring company stated, “This acquisition reflects our commitment to expanding into specialized logistics segments. BLL’s expertise in bulk liquid logistics complements our vision to deliver efficient, innovative, and cost-effective solutions to our customers.”
The deal underscores the acquiring firm’s strategy to enhance its competitive position in the logistics industry and generate long-term value for shareholders.