A Memorandum of Understanding (MOU) between Sellwin Traders Limited and Myzek Logistics Pvt Ltd, a new operator in app-based, environmentally friendly last-mile delivery services that operate under the name “Dropon,” has been launched. Under the brand name Dropon, Myzek currently manages logistics for BTB and BTC, including manufacturers and e-commerce service providers like JioMart, Zomato, and Blinkit.
Subject to mutually agreed terms, valuation, regulatory approvals, and the execution of definitive agreements, the MOU describes a proposed strategic equity partnership in which Sellwin Traders plans to acquire an initial equity stake of up to 20% in Myzek Logistics with the potential to increase its holding to up to 35% over time. In contrast to Sellwin Traders Ltd.’s current share price of Rs. 9.37 per share as of Monday, January 19, the deal could be structured in a share swap at Rs. 15 per share.
Sellwin Traders’ approach of investing in scalable, future-ready businesses and getting exposure to the rapidly expanding logistics and transportation sector is in line with this proposed alliance. As Myzek Logistics moves into its next stage of expansion, the alliance is anticipated to offer long-term financial assistance, strategic direction, and credibility enhancement. The MOU is not legally binding and is subject to regulatory, shareholder, due diligence, and valuation clearances.
With over 68,000 registered customers, over 5.03 lakh orders delivered, and an operational presence in major Gujarat cities like Ahmedabad, Gandhinagar, and Surat, Myzek Logistics, a technology-driven logistics platform, has shown great early momentum. In addition to expanding into Tier-2 cities and using cutting-edge delivery systems and sustainable transportation solutions, the company has anticipated sales of about Rs. 15.50 crore for FY26.
“In addition to equity participation, the MOU also contemplates funding support of up to Rs. 5 crore by Sellwin Traders, which may be structured as a convertible instrument to support Myzek’s fleet expansion, technology upgrades and geographic scale-up,” said Sellwin Traders in a stock exchange filing.
The formal Strategic Association and Share Swap Agreement for Sellwin’s proposed 36% investment in PCIPL’s container manufacturing project being developed near Bhavnagar, Gujarat, was recently initiated by Sellwin Traders Ltd and Patel Container India Private Limited PCIPL, furthering their partnership. The action comes after an earlier Memorandum of Understanding (MOU) that was signed in 2024, in which the two companies decided to look into working together to establish PCIPL’s container manufacturing plant.
Founded in 1980, Sellwin Traders Ltd. is a diversified publicly traded company in India that engages in real estate, property investment, trading (shares, commodities), and financial advising. Its shares are listed on the BSE.
