Best Inc, a Chinese logistics company backed by Alibaba Group (BABA.N), is launching a U.S. IPO that is seeking as much as $932 million to fund an expansion of its logistics and supply chain network, develop new...
TVS Logistics says it is looking for acquisitions in Southeast Asia
TVS Logistics Services Ltd (TVS LSL), part of the T.V. Sundram Iyengar Sons group, is looking to buy logistics firms in southeast Asia, a region that offers an opportunity worth $500 billion to $600 billion given its...
Seaways plans IPO in 2018, as promoters buy out IDFC PE stake
Seaways Shipping and Logistics Ltd on Thursday said the promoters of the company had bought out the entire stake of 24% that IDFC Private Equity (IDFC PE) held in the company, even as the shipping company plans to go...
Mahindra Logistics files for IPO
Mahindra Logistics Ltd, the logistics arm of the Mahindra and Mahindra Ltd (M&M), on Friday filed the draft red herring prospectus for its proposed initial public offering (IPO). The initial share sale, a pure...
M&M gets nod to sell 13.74% stake in Mahindra Logistics IPO
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...
