Welspun One Logistics Parks has raised over Rs 300 crore from a set of investors comprising domestic high-net-worth investors and family offices. The category II alternative investment fund is an integrated funding...
China’s S.F. offers to buy 51.8% stake in Kerry Logistics
Chinese logistics giant S.F. Holding Co has offered to buy a 51.8 percent stake in Hong Kong-listed Kerry Logistics Networks Ltd, it said in an exchange filing on Tuesday. The offer, at HK$18.8 ($2.43) per share and...
Alibaba-backed logistics firm Best weighs sale in strategic review – sources
New York-listed Best Inc, a Chinese logistics firm backed by e-commerce giant Alibaba Group Holding Ltd, is considering a sale as part of a strategic review, six people with knowledge of the matter said. With the...
Ecom Express expands to Bangladesh, invests Rs 80.6 cr in Paperfly
Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh’s largest third-party e-commerce logistics (3PL) firm, Paperfly. Through this...
Adani group sells a part of its stake in Snowman Logistics
Adani Logistics Ltd, a part of the diversified Adani group, has sold almost a fourth of its stake in Snowman Logistics Ltd. Adani Logistics had acquired the stake through an open offer it had initiated in March at ₹44...
Yes Bank sells 2.56% stake in Coffee Day group-owned Sical Logistics
Yes Bank on Friday said it has sold 15 lakh equity shares, equivalent to 2.56 per cent stake in Sical Logistics. Yes Bank has sold 15,00,000 equity shares having a nominal value of ₹10 each, constituting 2.56 per cent...
JD.com, SF, Carlyle among bidders for CJ Group’s $1 billion China logistics business: sources
Chinese online retailer JD.com, delivery company SF Group and Carlyle are bidding for South Korean conglomerate CJ Group’s China logistics business in a deal that could fetch over $1 billion, people familiar with the...
Bahrain’s Investcorp invests in Indian logistics start-up Xpressbees
Bahrain’s Investcorp said on Sunday it has made an investment in Xpressbees, an Indian logistics startup, as part of a consortium of local and global investors. Xpressbees has a presence in more than 2,000 towns...
Softbank Ventures-backed Indonesian logistics startup Waresix raises $100 million
Indonesian logistics startup Waresix announced on Thursday it had closed a $100 million fundraising round from investors including Softbank Ventures Asia and Indonesian conglomerate Emtek (Elang Mahkota Teknologi). The...
Japan Post to sell Australia’s Toll Holdings: report
Japan Post Holdings Co Ltd has decided to sell its Australian logistics arm Toll Holdings Ltd, a media report said on Tuesday. In 2015, Japan Post acquired Australia’s transport logistics firm Toll for A$6.5 billion ($4...
Jindal Stainless ties up with Maersk for logistics upgrade
Jindal Stainless Ltd (JSL), and integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal...
DP World to acquire 60% of Korea’s UNICO Logistics
Dubai-based global ports operator DP World has agreed to acquire a 60% stake in South Korea-based UNICO Logistics Co, DP World said in a statement on Monday. The transaction, subject to regulatory clearance, is expected...
