Blackstone is going to buy stake in Allcargo Logistics' arms engaged in the warehousing business for up to Rs 380 crore. The board of directors of Allcargo Logistics approved execution of definitive transaction documents with BRE Asia Urban Holdings, an entity controlled by funds managed or advised by affiliates of The Blackstone Group Inc (Blackstone), which is a globally renowned real estate private equity investor, for transfer of a part of the warehousing business of the company.
The transaction is expected to conclude in a phase-wise manner over the next 12 months, subject to satisfaction of customary closing conditions and achievement of certain milestones as prescribed in the transaction documents. After conclusion of the transaction, the company will cease to have sole control over certain subsidiaries engaged in the warehousing business, and will retain a minority stake in such subsidiaries.
Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
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