Allcargo Logistics has signed the Share Purchase agreement with KWE-Kintetsu World Express (S) Pte (KWE Singapore), KWE Kintetsu Express (India) (KWE India), Gati and Gati-Kintetsu Express (GKEPL) for acquisition of aggregate 1,50,000 equity shares i.e. 30% stake of GKEPL comprising of 1,30,000 Equity Shares (i.e. 26% stake) in GKEPL from KWE Singapore and 20,000 Equity shares, i.e. 4% stake in GKEPL from KWE India, for an aggregate consideration of Rs 406.70 crore.
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.
