Gati Ltd, the logistics services provider, will demerge its shipping division in order to monetise and strengthen the unit’s operations. The demerged entity, called GatiShips, will be a subsidiary of the mothership. Gati is also likely to scout for a partner to infuse funds into the shipping subsidiary.
Strategically, this (demerger) now allows it to focus its internal investment efforts on the core segments of express distribution and supply chain, with a special focus on the cold chain. The remnant Gati has also restructured into two verticals.
The express distribution division will focus on logistics through surface and air modes. The other vertical will offer supply chain and cold chain solutions to its clients. It will also form a new division, called Gati RedSun, which will offer both cold and ambient supply chain solutions.
crackcrackCompany Name | CMP |
---|---|
Allcargo Logistics | 69.13 |
TVS Supply Chain Sol | 168.00 |
Container Corp | 1019.25 |
Mahindra Logistics | 439.80 |
Transport Corp. | 880.10 |
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