Transport/Logistics

Riba Constructions has acquired 40% stake in Gati Limited shipping business – Gati Ship for R8 Cr, ET states.

Courier and cargo company, DTDC has acquired majority stake in Nikkos Logistics Pvt. Ltd., based in South India, states BS.

IFC is considering to provide loan of $12.5 Mn to Samson Maritime Limited, an offshore logistics support services firm to the Oil & Gas sector.

Hong Kong based financial institution CLSA has exited by selling off entire 1.28% stake in Essar Shipping Ltd. and has cut down on its stake in Essar Ports Ltd.

TVS Logistics has acquired 85% stake in Rico Logistics for R100 Cr. The acquisition will add more capabilities in TVS service such as 'last mile rapid response' and new service verticals like IT, telecom and medical.

IFC is planning to provide loan to Snowman Logistics which is proposing to set up temperature controlled storage facilities at two new locations in Orissa and Gujarat.

Zephyr peacock and Credence Partners is set to invest R90.4 Cr for minority stake in 20Cube Logistics.

Gateway Distriparks has acquired 100% of Chandra CFS And Terminal Operators Private Limited for a net cash consideration of R26.50 Cr.

Merrill Lynch, Swiss Finance, Handelbankens Tillvaxtmarknadsfond and Securities Trading Corporation has sold around 443000, 350000, 578760 and 600000 shares for R40.12, R37.9, R38.14 and R38.65 per share aggregating to R1.7 Cr, R1.3 Cr, R2.2 Cr and R2.3 Cr through bulk deal on NSE respectively.