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Nippon Express to acquire 22% stake in Future Supply Chain Solutions

20 Sep 2019 Evaluate

Nippon Express Co., acting through its subsidiary Nippon Express (South Asia & Oceania) (Nippon Express), Japan’s leading global logistics player, has agreed to acquire a 22% stake in Future Supply Chain Solutions (FSC). This transaction is a combination of primary issuance and secondary purchase from an existing Investor. 

As part of this transaction, FSC will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22% premium  to  the current market price). Through this primary issue Nippon Express will hold 8.6% stake on a fully diluted basis and FSC will raise around Rs 252 crore for funding its near?term growth plans. 

Future Supply Chain Solutions is one of the largest third-party logistics service provider in India. Their services include automated and IT-enabled warehousing, distribution and other logistics solutions.

Future Supply Chain Share Price

2.94 0.00 (0.00%)
27-Oct-2025 16:59 View Price Chart
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