Allcargo acquires gati
WebMay 18, 2024 · Allcargo Logistics Ltd has hired turnaround specialist Alvarez & Marsal to work out a strategy for Gati Ltd, the express logistics company it had acquired earlier this year. Allcargo now holds a ... WebDec 5, 2024 · Allcargo Logistics Ltd has ventured into the express logistics space by acquiring a controlling stake in Gati Ltd for Rs 416 crores, the company said after the …
Allcargo acquires gati
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WebDec 5, 2024 · Allcargo has inked pacts to acquire a 19.43% stake in Gati from its promoters and through a preferential issue for a total of almost Rs 177.9 crore. It has also made an open offer to Gati's public shareholders to buy another 26% for up to Rs 238.07 crore, the companies said in separate statements. WebMar 4, 2024 · Allcargo Logistics is set to acquire a controlling stake in Hyderabad-based courier delivery services firm Gati. The company has received SEBI approval on its open …
WebDec 6, 2024 · Allcargo will also be making an open offer for acquiring another 26% stake (3,17,42,615 shares) in Gati, as per Sebi norms, at a price of Rs 75 per share which translates into another Rs 238 crore ... WebDec 26, 2024 · As Gati gets set to hold its 25th Annual General Meeting under the new management of Allcargo Logstics on Monday (December 28, 2024), Shashi Kiran Shetty, …
WebDec 9, 2024 · A Mumbai based- Integrated logistics solution provider Allcargo Logistics has announced the acquisition of majority stakes in Gati Ltd for Rs 416 crore. As a part of the deal, Allcargo which provides the services, as multimodal transport operations. Container freight station operations, warehousing, distribution, contract logistics, and logistics … WebJan 21, 2024 · New Delhi, Jan 21 Allcargo Logistics on Tuesday said it has acquired about 13 per cent stake in express distribution and supply chain solutions provider Gati Ltd.
WebSep 13, 2024 · Mahendra Kumar Agarwal, the managing director of Gati, is not ready to step down from his position even after one of India’s largest logistics players, Allcargo, acquired a near 47 per cent ...
WebJan 28, 2024 · Through a preferential allotment following the approval by Gati’s shareholders at the EGM on 7 January and through open market purchases, Allcargo had acquired around 13% stake in Gati last week ... bootham bolt holeWebDec 5, 2024 · Allcargo has inked pacts to acquire a 19.43% stake in Gati from its promoters and through a preferential issue for a total of almost Rs 177.9 crore. It has also made an … bootham barbootham apartments yorkWebJan 28, 2024 · Allcargo Logistics Ltd has raised its stake in Gati Ltd to 20.8 per cent by acquiring an additional 7.5 per cent stake on Tuesday, consolidating its position as the single largest shareholder... boot hamburg stormWebJul 19, 2024 · “With the conclusion of the strategic acquisition, Gati is now a Allcargo Company. Gati can now offer its customers the opportunity to explore Allcargo’s services including Container Freight Stations and Inland Container Depots, Project Logistics, and Contract Logistics to tap into the strengths of Allcargo’s global network that operates ... bootham cemeteryWebJan 2, 2024 · The deal is seen to be important considering that the express logistics industry is expected to reach Rs. 48,000 crores (USD 7 billion) by 2024. Allcargo Logistics Ltd., India’s largest integrated logistics solutions provider, has forayed into the express logistics space by acquiring a controlling stake in GATI Ltd., a pioneer in the segment. bootham close billericayWeb'CARE AA' with Negative outlook. The resolution of credit watch follows the completion of acquisition of majority stake of 46.8% in Gati Ltd. (Gati) by ALL for ~Rs.416 crore funded by debt of Rs.375 crore and internal accruals. ALL is currently in process of implementation of a turnaround strategy for Gati, and expects to revive the business hatch end swimming pool opening times