CDC-backed logistics services firm Pristine Logistics & Infraprojects Pvt. Ltd has started talks to raise up to Rs400 crore from private equity investors, at least two people aware of the development said. “Pristine...
Pigeon Express in talks to buy out Snapdeal’s GoJavas stake
Logistics firm Pigeon Express is in talks to buy out the entire stake of Snapdeal in its subsidiary, delivery firm GoJavas. “We are in discussion to buy out stake of Snapdeal in GoJavas,” Pigeon Express managing...
Incofin, ResponsAbility invest $20 million in agri-logistics firm Sohan Lal
Incofin Investment Management of Belgium and ResponsAbility Investments AG of Switzerland have jointly invested $20 million (approximately Rs130 crore) in Delhi-based Sohan Lal Commodity Management Pvt. Ltd (SLCM) a...
Warburg Pincus-backed Ecom Express said to raise $150 million
E-commerce-focused logistics firm Ecom Express has initiated the process of raising at least $75 million in a new round of funding, two people aware of the development said. “They (Ecom Express) have recently launched...
TVS Logistics to invest Rs 100 crore in UK-based SPC International
TVS Logistics’ UK arm TVS Rico Supply Chain Services has acquired more than 60 percent stake in SPC International, an Uxbridge (UK) based company with an annual turnover of Rs 165 crores. TVS Logistics will invest Rs...
TVS Logistics picks up 60% stake UK-based SPC International
TVS Logistics, one of the leading integrated supply chain solution providers, has picked up 60% stake in UK-based SPC International through its UK arm TVS Rico Supply Chain Services. TVS Logistics will be investing Rs...
Stellar Value to buy majority stake in Kelvin Cold Chain
Third party supply chain and logistics firm Stellar Value Chain Solutions on Monday said it will acquire a majority stake in integrated cold chain logistics company Kelvin Cold Chain for an undisclosed amount. Ambit...
CDPQ’s proposed purchase of minority stake in TVS Logistics gets CCI nod
Antitrust regulator Competition Commission of India (CCI) on Friday approved the proposed acquisition of a minority stake by Caisse de Dépôt et Placement du Québec (CDPQ), Canada’s second-largest pension fund, in TVS...
Chemtrade Logistics to buy chemical maker Canexus
Chemtrade Logistics Income Fund (CHE_u.TO) said it would buy chemicals and handling company Canexus Corp (CUS.TO) for C$1.65 in cash per share, as it looks to expand its existing platform and markets. The deal, which...
TVS Infrastructure in talks to buy 86% stake in MJ Logistics
Eredene Capital Plc is in talks with TVS Infrastructure Ltd to sell its entire stake in MJ Logistics Services Pvt. Ltd for approximately Rs80 crore, two people with direct knowledge of the matter said. “The AIM...
Tata Steel sells unit to Adani Ports for about Rs106 crore
Tata Steel Ltd on Wednesday said its subsidiary TM International Logistics Ltd had divested its entire holding in TM Harbour Services Pvt. Ltd to Adani Ports and Special Economic Zone Ltd for Rs106.27 crore in an all...
Tesoro Logistics boosts midstream business in deals worth $1.1 billion
Tesoro Logistics LP (TLLP.N) said it would buy some oil, natural gas, and other gathering systems in North Dakota for about $700 million, and will also acquire terminal and storage assets from major shareholder Tesoro...
