JSW Infrastructure has made a strategic move into the logistics sector with its recent acquisition of a majority stake in Navkar Corporation. Valued at ₹1,012 crore, the acquisition sees JSW Infrastructure taking control of 70.37% of Navkar Corporation’s equity, with plans to increase its stake further through an open offer.
Navkar Corporation, renowned for its expertise in logistics and cargo transit services, attracted JSW Infrastructure due to its established presence and operational capabilities in the industry. The acquisition, led by JSW Infrastructure’s subsidiary JSW Port Logistics, marks a significant step in expanding its portfolio to include logistics and other value-added services.
Arun Maheshwari, Joint Managing Director & CEO of JSW Infrastructure, expressed optimism about the acquisition, highlighting the strategic importance of entering the logistics sector amidst evolving market dynamics. The acquisition is poised to leverage Navkar Corporation’s strengths in logistics operations, enhancing JSW Infrastructure’s service offerings and market positioning.
The acquisition process, which involved a share purchase agreement with Navkar’s promoters, sets the stage for JSW Infrastructure’s broader plans in the logistics industry. The subsequent open offer to public shareholders underscores JSW Infrastructure’s commitment to expanding its footprint and strengthening its role as a key player in India’s logistics landscape.
With JSW Infrastructure’s robust financial performance and strategic initiatives, including this acquisition, the company is well-positioned to capitalize on growth opportunities in the logistics sector, further consolidating its position as a leader in India’s private commercial port operations.
This acquisition aligns with JSW Infrastructure’s long-term vision to diversify its business interests and enhance shareholder value, signaling a promising future in the logistics and transportation domain.