Adani Logistics

Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000. "Adani Logistics Ltd, a wholly owned subsidiary of the company, has subscribed 50,000 equity shares (50 pc) of Veracity Supply Chain Private Ltd (VSCPL) incorporated on October 31, 2023 (11:48 AM IST)," Adani Logistics Ltd said in a BSE filing. VSCPL has been incorporated to provide last-mile connectivity to customers from in-land container depot, powered by digital transport management system, as per a statement.

Logistics major Delhivery will provide integrated warehousing and transportation solutions to Havells India as part of an agreement. In a statement on Wednesday, Delhivery said it has bagged a contract from Havells India for integrated supply chain solutions in the western region. Covering Havells' product portfolio of electrical and consumer goods, Delhivery will deploy its technology-led integrated warehousing and transportation solutions to deliver speed, precision, and complete end-to-end visibility, the statement said. Sandeep Barasia, Executive Director and Chief Business Officer, Delhivery, said, "We are delighted to be a trusted partner for Havells as it embarks on a large-scale transformation of its supply chain. Our experience across a range of sectors will unlock tangible value across the complete value chain." In the June quarter this fiscal year, Delhivery narrowed its net loss to Rs 89.5 crore from a net loss of Rs 399.3 crore in the same period of the preceding ...

The deal is subject to customary regulatory and lenders' approvals and is expected to close in the second quarter of 2022-23

Adani Logistics has signed a definitive agreement to acquire the ICD "Tumb" (Vapi) from Navkar Corporation Ltd for an enterprise value of Rs 835 crore

The maintenance of these wagons will be done by Indian Railways on payment under an agreement to be executed with AALL

Adani Logistics has been offloading its stake in the Snowman Logistics via open market operations

Snowman Logistics stock is down 35% since deal was announced last December; valuation also hit by Rs 13 cr loss reported by company in first nine months of FY20

The purchase price of Rs 44 per share is a 3.2 per cent premium to the market price of December 27

Company picks up 40% in Snowman, plans to double capacity over next five years as it integrates logistics services and moves from port gate to customer gate

Brokerages see deal auguring well for both Adani Group companies

The automobile sector is witnessing a rapid growth