The country’s competition watchdog Competition Commission of India (CCI) on Tuesday approved Nippon Express’s proposed acquisition of 22 per cent stake in Kishore-Biyani-led Future Supply Chain for Rs 641 crore. This is...
CDC Group invests $36 million in Ecom Express
CDC Group, the development finance arm of the UK government has invested $36 million for an equity stake in e-commerce logistics firm Ecom Express. Ecom Express claims that it reaches over 90% of India’s population...
DP World acquires Singapore’s marine logistics provider Feedertech Group
Global trade enabler DP World on Thursday said it has acquired marine logistics provider Feedertech Group. The transaction is expected to close in the first quarter of 2020. “Unifeeder, a 100 per cent owned...
Allcargo plans to acquire up to 50% stake in Gati
Allcargo Logistics plans to buy up to 50 per cent in express logistics company Gati, valuing the company at about Rs 1,200 crore in a deal to be announced later this week, after long drawn negotiations spanning more...
Coffee Day Group likely to call for bids to sell majority stake in Sical
The Coffee Day Group, founded by the late VG Siddhartha, is likely to seek bids to sell off its controlling stake in multimodal logistics solutions provider Sical Logistics, people privy to the matter said. Coffee Day...
ElasticRun raises $40 million from Prosus Ventures to expand logistics network
Pune-based logistics startup ElasticRun on Wednesday announced a fundraise of $40 million, led by Prosus Ventures (formerly Naspers Ventures) with participation from existing investor Avataar Ventures and Kalaari...
GeoPost in talks to pick up 20-25% more in DTDC
French government backed logistics firm GeoPost plans to acquire a majority stake in DTDC Express. Geopost, which already owns 42% stake in DTDC, is in intial stages of discussions to buy another 20-25% stake in DTDC...
SoftBank Vision Fund to acquire additional stake in Delhivery
SoftBank Vision Fund, the world’s largest technology investor, is set to buy an additional stake from existing shareholders of logistics startup Delhivery Pvt. Ltd, according to filings by an affiliate of the fund with...
Allcargo Logistics in talks to acquire stake in rival Gati
Allcargo Logistics Ltd is in talks to buy a stake in smaller rival Gati Ltd, people with knowledge of the matter said, as India’s biggest cargo company attempts to boost its presence across Asia’s third-largest economy...
Japan’s Nippon Express to buy 22% stake in Future Supply Chain
Kishore Biyani’s Future Supply Chain Solutions Ltd (FSC), which provides supply chain and logistics services to businesses, on Friday said it will sell 22% stake in the firm to Nippon Express Co, one of Japan’s largest...
CPPIB plans to invest $115 million in logistics provider Delhivery
Canada Pension Plan Investment Board (CPPIB) has said it is putting $115 million (Rs 8,250 crore) in Delhivery, one of India’s leading third-party logistics providers. Delhivery operates in over 2,000 cities and towns...
Coffee Day group puts Sical Logistics on sale
Coffee Day Enterprises Ltd (CDEL), the company founded by late coffee tycoon V.G. Siddhartha, has put its Sical Logistics unit on the block as it seeks to pare debt, three people directly aware of the matter said. CDEL...
