MoneyWorks4Me

Japan's KWE invests Rs 267.7 Crore in Gati-Kintetsu Express

28 Jun 2012 Evaluate

GATI has concluded the joint venture with Japan’s Kintetsu World Express to form Gati-Kintetsu Express, to provide Express Distribution and Supply Chain Solutions in the country.

As per JV agreement, Gati will hold 70% stake and 30% will be held by Kintetsu World Express (KWE) in Gati-Kintetsu Express (GATI-KWE). GATI-KWE is a subsidiary of GATI.KWE has invested Rs 267.7 crore for its 30 per cent stake in the JV after getting nod from the Foreign Investment Promotion Board.

Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division.

Peers