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.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
| View more.. | |
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