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...
Mahindra to buy Rivigo’s B2B express biz
Mahindra Logistics Ltd will acquire the business-to-business (B2B) express delivery business of Rivigo Services Pvt. Ltd, the third-party logistics solutions provider said on Monday. Mahindra Logistics will buy the...
Future Supply Chains calls off sale of warehouse assets over approval delay
Future Supply Chains has called off the sale of its warehouse assets due to expected delay in obtaining other requisite approvals, the company said in a stock exchange filing. It said that the delay in obtaining other...
Adani Logistics to buy Navkar’s inland container depot in Gujarat for ₹835 cr
Adani Logistics Ltd (ALL), a unit of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire an inland container depot (ICD) from Navkar Corporation Ltd for an...
Amazon in talks to buy logistics unicorn Ecom Express
Amazon.com Inc. is in initial talks to acquire more than 51% in logistics unicorn Ecom Express Ltd for $500-600 million, two people aware of the plans said, as the e-commerce giant aims to build an in-house logistics...
