Allcargo Logistics, an India-based provider of multimodal logistics solutions and part of The Allcargo Group, has concluded the acquisition of a 30% stake in Gati-Kintetsu Express (GKEPL) for INR 406.71 crores. The acquisition involved the purchase of 1.50 lakh shares, with Allcargo’s subsidiary, Gati, already holding a 70 percent stake in GKEPL. GKEPL is a […]
Allcargo Logistics, a multimodal logistics solutions provider owned by The Avvashya Group, has roped in V S Parthasarathy as its vice chairman. As the non-executive non-independent vice chairman of the Indian logistics company, V S Parthasarathy will help drive the transformation of Allcargo Logistics along with subsidiaries Gati Limited and ECU Worldwide. V S Parthasarathy […]
Allcargo Logistics said that its board of directors has sanctioned the demerger of its container freight station (CFS)/inland container depots (ICD) business into Allcargo Terminals and demerger of its equipment rental, logistics parks and other real estate assets into TransIndia Realty & Logistics Parks. The Indian logistics company said that the move will enable it […]