Mumbai-based warehousing and fulfilment services provider Emiza Supply Chain Services Pvt. Ltd raised Rs37.5 crore in a Series B funding round. The funding round was led by JM Financial Private Equity, among others. The...
NCLAT dismisses Hinduja Leyland Finance plea for insolvency proceedings against Fly Express
The NCLAT has dismissed the plea of Hinduja Leyland Finance Ltd to initiate insolvency proceedings against its creditor Fly Express Logistics. A three-member bench of the appellate tribunal upheld the earlier orders of...
JM Baxi agrees to acquire units of two logistics firms for Rs. 200 crore
JM Baxi has agreed to acquire units of two logistics companies for Rs. 200 crore, according to sources. It is acquiring one of the units of logistics major Allcargo Logistics which carries out movement of heavy...
DHL strikes deal to buy up to 9.5% stake in Canada’s Cargojet
DHL Express Division, an affiliate of Deutsche Post DHL Group, struck a deal with Cargojet Inc, which would give the German company an option to buy up to 9.5% equity stake in the Canadian firm. Cargojet said on Tuesday...
CCI clears Blackstone, TPG buying stakes in Busybees Logistics
Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution...
China’s JD Logistics agrees to buy courier company Deppon
Chinese e-commerce giant JD.com Inc on Sunday said that its subsidiary JD Logistics Inc has agreed to buy domestic courier Deppon Logistics Co Ltd. Under the deal, JD Logistics will acquire 99.99% equity stake in Deppon...
Mahindra Logistics acquires Whizzard
Mahindra Logistics Ltd (MLL) on Monday said it has acquired a majority stake in last-mile delivery services provider Whizzard. The acquisition will complement Mahindra Logistics’ existing last-mile delivery...
Siemens deal to sell its logistics business ‘imminent’ -sources
Siemens is very close to selling its logistics business, sources have told Reuters, with a deal likely to be “imminent”. Siemens’s supervisory board is due to meet on Wednesday, ahead of the...
D-Orbit to go public in U.S. via $1.28 billion SPAC deal
Italian space logistics firm D-Orbit said on Thursday it will go public in the United States through a merger with a blank-check firm in a deal valuing the company at $1.28 billion, including debt. The deal with Breeze...
ADQ transfers 22% stake in Aramex to Abu Dhabi Ports
Abu Dhabi government-owned holding company ADQ has transferred a 22.32% stake in logistics firm Aramex, which it acquired in 2020, to Abu Dhabi Ports, another company in its portfolio, Aramex said. ADQ said in September...
Shiprocket acquires B2B logistics aggregator Rocketbox
Tech-enabled logistics and fulfilment company Shiprocket on Friday said it has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The Rocketbox founders will join the Shiprocket...
Delhivery invests in Falcon Autotech
Market-bound logistics company Delhivery has made an undisclosed investment in logistics automation solution provider Falcon Autotech, the company said on Wednesday. According to a company statement, the investment is...
