Oneclick Logistics Acquires Stake in Veesham Traders LLC, Boosting Global Market Access
Oneclick Logistics India Limited recently finalized the acquisition of equity shares in Veesham Traders LLC. The investment aims to enhance the company's global market presence, access economies of scale, and strengthen its overall market competitiveness.The transaction, which was completed on April 22, 2026, involved the allotment of 12 equity shares of Veesham Traders LLC. The total value of this acquisition, structured as a cash consideration, aggregated to AED 32,44,674.22. With this investment, Oneclick Logistics India Limited acquired a 3.43% stake in Veesham Traders LLC.
Veesham Traders LLC is characterized as a general trading company specializing in global procurement and merchant trading of metals, electronics, and general commodities. The company, incorporated on July 06, 1991, has a paid up capital of AED 3,50,000, divided into 3,500 equity shares of AED 1000/- each.
The acquisition is strategically positioned to facilitate Oneclick Logistics India Limited's access to global markets and assist in procuring global logistics orders, thereby expanding its customer base.
Key Financial and Operational Details
The company's involvement in Veesham Traders LLC is detailed across several operational aspects:| Metric | Detail |
|---|---|
| Target Entity Name | Veesham Traders LLC |
| Industry | General trading company (metals, electronics, commodities) |
| Shares Acquired | 12 Equity Shares |
| Total Acquisition Value | AED 32,44,674.22 |
| Percentage of Holding | 3.43% |
| Consideration Type | Cash consideration |
Veesham Traders LLC Turnover History
The acquired entity demonstrates consistent growth in its turnover over the last three fiscal years.| Financial Year | Period | Turnover (in AED) |
|---|---|---|
| 2024 | Jan, 2024 - Dec, 2024 | 71,203,486 |
| 2023 | Jan, 2023 - Dec, 2023 | 62,242,043 |
| 2022 | Jan, 2022 - Dec, 2022 | 54,123,325 |
OLIL Stock Price Movement
Today, Oneclick Logistics India Limited shares slipped by 0.63% to settle at ₹314.2, closing lower than its previous session's close. Trading for the day saw 13,200 shares transacted, while the equity struggled throughout the session within a range of ₹313 to ₹323.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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