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...
Adani, Gateway settle dispute on Snowman stake sale
Adani Group and Gateway Distriparks Ltd on Monday informed stock exchanges that they have settled a dispute regarding the sale of controlling stake in cold chain logistics company Snowman Logistics Ltd, owned by Gateway...
Brazil’s Cosan and logistics unit plan to simplify shareholding structure: filing
Brazilian agribusiness conglomerate Cosan SA and its logistics subsidiary Cosan Logistica SA have approved studies for a proposed shareholding reorganization, the companies said in a securities filing on Friday. “Such...
LetsTransport raises Rs10 crore from Stride Ventures
Logistics start up LetsTransport on Monday raised ₹10 crore from Stride Ventures, a leading venture debt fund. The start-up will use the funds to scale up their operations and network so as to help streamline urban...
Logistics solutions provider LetsTransport raises ₹10 crore from Blacksoil
LetsTransport has raised ₹10 crore from venture debt firm Blacksoil Capital. The intra-city logistics provider had raised ₹13 crore from Innoven Capital in May. Bengaluru-based LetsTransport provides logistics solutions...
FedEx set to take stake in German deliver firm Hermes: report
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday. Home deliveries are surging as consumers around the globe shift to...
