Mahindra and Mahindra Ltd (M&M) on Thursday said that a committee of its directors has approved the sale of 13.74% stake in subsidiary Mahindra Logistics Ltd through an initial public offering (IPO). The IPO will...
Global Logistic Properties receives bid proposals, buyout groups seen interested
Global Logistic Properties Ltd said on Monday it had received “firm proposals” from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium...
Piramal Limited invests Rs 485 crore in Apollo LogiSolutions
Piramal Enterprises Limited has committed Rs 485 crore to integrated third party logistics solutions provider Apollo LogiSolutions(ALS). It has done so through its subsidiary Piramal Finance. The investments were made...
Japan Post to drop talks to buy Nomura Real Estate: Nikkei
Japan Post Holdings Co (6178.T) will probably scrap talks to buy Nomura Real Estate Holdings Inc (3231.T) as the two companies struggle to agree on the terms, the Nikkei business daily reported on Saturday. The...
M&M board approves stake sale in Mahindra Logistics
Mahindra & Mahindra Ltd (M&M) on Tuesday said its board has approved sale of a part of shareholding in its arm Mahindra Logistics Ltd (MLL). The company’s board, which met on Tuesday, has approved sales of a...
Edelweiss in talks to invest Rs450 crore in JM Baxi Group
Edelweiss Group is in an advanced discussions to invest about Rs450 crore in Mumbai-based diversified logistics firm JM Baxi Group through a structured debt transaction, two people aware of the development said. “The...
Apollo group’s logistics unit in talks to raise Rs300 crore
Integrated logistics solutions provider Apollo LogiSolutions Ltd (ALS) is in talks with Piramal Capital’s structured financing group (SFG) to raise around Rs300 crore of credit, said two people aware of the development...
DP World to invest $1 bn in Indian logistics sector
The UAE-based DP World has committed $1 billion investment in Indian infrastructure, including logistics and container terminals. “We have already invested $1 billion and will soon invest another $1...
Logistics start-up Fortigo raises $10 million in Series A funding
Trucking logistics start-up Fortigo Network Logistics Pvt Ltd has raised about $10 million in Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani, according to regulatory...
Mahindra Logistics to come out with IPO or do strategic sale in FY19: CEO
The diversified Mahindra Group may either list or part sell its logistics arm next fiscal to a foreign partner, a top official has said. “There are certain milestones which will be achieved in 2017-18 and in the...
Apollo LogiSolutions in talks to raise Rs300 crore
Mumbai-based Integrated logistics solutions provider Apollo LogiSolutions Ltd (ASL) is in talks with private equity (PE) investors to raise as much as Rs300 crore to fund its expansion plans, according to two people...
U.S. trucking companies Swift and Knight to merge
Trucking and logistics operators Swift Transportation Co (SWFT.N) and Knight Transportation Inc (KNX.N) are merging in a stock-swap deal, creating a company with a market value of more than $5 billion. The merger, which...
