What’s new

• Jet Freight board approved ₹18 cr investment for 45% stake in Dubai-based Natwest Trade & Logistics.
• The target is a freight brokerage and tech-driven logistics firm operating from a free zone.
• Payment is in cash over an estimated two-year period.

Why it matters

For a nano-cap with a ₹105 cr market cap, a ₹18 cr cash outlay is a big swing. It signals management's intent to build a meaningful international presence, but also adds execution and funding risk. The target's tech platform could give Jet Freight a digital edge in freight aggregation.

What we’re watching

• How Jet Freight funds the cash consideration, debt or internal accruals.
• Scale of Natwest's current revenue and profitability, not disclosed yet.
• Any subsequent fundraise to support the investment.

The full read

Jet Freight Logistics is betting big on the Middle East. The board approved an ₹18 crore cash investment for a 45% stake in Natwest Trade & Logistics, a Dubai-based freight brokerage with a technology tilt. For a company worth ₹105 crore, that is 17% of its market cap, a material bet by any measure. The deal will be funded over two years. The target operates from a free zone, which makes it a beachhead into one of the world's busiest logistics hubs. Jet Freight's trailing ROE of 5.8% and debt/equity of 0.98 leave room for debt to fund the purchase, but the onus is on management to show the investment accretes earnings quickly. The open question: Natwest's revenue base and how soon it contributes.

Primary source: BSE · NSE