Sellwin Traders Eyes Major Stake in Last-Mile Delivery Firm Myzek Logistics

Sellwin Traders plans to acquire up to a 20% stake in Myzek Logistics, known for its last-mile delivery services under the brand Dropon Deck, with an option to eventually raise the stake to 35%. This move will involve a share-swap deal at Rs 15 per share upon regulatory approvals.

Kolkata-based Sellwin Traders announced a significant move on Saturday with plans to acquire a stake in the app-driven last-mile delivery company, Myzek Logistics.

The Memorandum of Understanding (MoU) entails a strategic equity partnership starting with a 20% acquisition, potentially increasing to 35%.

The deal, pending regulatory approval and definite agreements, will be realized through a share-swap at Rs 15 per share. This reflects a strategic push for Sellwin, given its current stock price of Rs 8.93 per share.

(With inputs from agencies.)