Allcargo Logistics is planning to acquire controlling stake in CCI Logistics. In this regard, the company will invest Rs 130 crore. The deal will lead to the formation of a new entity in which Allcargo will hold 62 percent, while the rest is held by CCI.
On February 15, it got an in-principle board approval to buy a majority stake in CCI, a company in freight forwarding and contract logistics with a special focus on chemicals.
Allcargo Logistics provides various services such as inbound & outbound consolidation, multi-city consolidation, FCL forwarding airfreight forwarding activities project cargo handling and transportation and CFS operations.
Company Name | CMP |
---|---|
Allcargo Logistics | 67.16 |
TVS Supply Chain Sol | 170.65 |
Container Corp | 1074.55 |
Mahindra Logistics | 430.90 |
Transport Corp. | 836.85 |
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