Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000...
Pakistani ecommerce logistics startup Rider looking to acquire BlueEx
Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx the only listed Express Courier Logistics Company in Pakistan, it told Reuters on Thursday. Venture funding in...
KKR to buy majority stake in Leap India in Asia infra push
KKR & Co. on Wednesday said it has agreed to buy a majority stake in logistics solutions company Leap India, a move that will deepen the US private equity firm’s presence in Asia’s infrastructure space. The...
Carlyle to sell its entire 2.53% stake in logistics firm Delhivery
Private equity firm Carlyle will sell its entire 2.53 per cent stake in Gurugram-based logistics firm Delhivery via its special purpose vehicle CA Swift Investments, according to a report by news agency Reuters. Carlyle...
‘Factually incorrect,’ Delhivery rejects media reports on acquisition talks with Gati
Calling the media reports, factually incorrect and baseless, Delhivery has rejected claims of its acquisition deal with logistics firm Gati. The company made it clear that there have been no discussions going on on the...
UAE’s ADNOC to offer 15% stake in logistics unit IPO
Abu Dhabi oil giant ADNOC intends to offer 15% of its shares in unit ADNOC Logistics & Services through an initial public offering (IPO) on the Abu Dhabi stock exchange, the company said. ADNOC will offer about 1.1...
S.African logistics property firm Equites exploring sale of UK business
South African specialist logistics property group Equites said that it plans to sell its logistics business in the United Kingdom as a way to unlock value amid rising interest rates impacting asset valuations. Globally...
Shopify divests logistics arm to Flexport in strategic reversal
Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian e-commerce platform said on Thursday. It has...
Metals logistics platform MineHub to acquire Waybridge for $2.5 mln in shares
Canada’s MineHub Technologies Inc, which has digitised trade finance and logistics in metals and mining, agreed to buy rival Waybridge for $2.5 million in MineHub shares, the firms said on Thursday. Online...
Tiger Global sells 1.7% stake in Delhivery via open market for Rs 414 crore
American investment management firm Tiger Global Management sold 1.7% stake in Delhivery Ltd through the open market on Wednesday for Rs 414 crore. Venture capital firm Internet Fund III Pte, through which Tiger Global...
Delhivery acquires Algorhythm Tech to boost supply chain solutions offering
Ecommerce focused logistics service provider Delhivery is acquiring Pune-based Algorhythm Tech, which delivers planning and optimisation solutions for enterprise supply chain operations, for an undisclosed amount. The...
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of...
