Transport/Logistics

Fast Train Cargo Limited has filed a DRHP to raise funds by issuing 5,283,000 shares constituting to 48.99% stake of the company.

New Silk Route has invested R175Cr in Hubli-based logistics company VRL Logistics Ltd.Out of total investment, the company will utilise R125Cr to expedite its growth plan and expand its businesses and balance R50Cr will go towards the stake dilution of the existing shareholders of the ...

DHL has acquired the 24% stake held by the Lemuir Group in its JV - in DHL Lemuir Logistics for an undisclosed figure. Through the share acquisition, DHL now owns a 100% stake in DHL Lemuir Logistics.

Kohlberg Kravis Roberts & Co LP is planning to invest $55 Mn in Chennai-based TVS Logistics Services Ltd for 20% stake in the company in second round of funding.

Courier Services provider – DTDC is planning to acquiring a company in West Asia for expansion.

A West India based transport & logistics firm is looking to for buyouts of companies of 75-100crs in size in the same space, Companies with logistics tilt in their business mix will be of primary interest.

Gati Limited may sell stake in it's shipping business - Gati Ships to raise funds for reducing debt. The company is talking to German ship-management company Bernhard Schulte for the strategic stake sale.

A five decade old West India based trucking company is looking for strategic investor to buy a majority stake in the firm.

Japan based Kintetsu World Express Inc, a logistics service provider has bought 30% stake in Express Distribution and Supply Chain (EDSC) and 3PL business of Gati Limited for R267.7Cr.