India Post today signed an MOU with Air India for carriage of “Logistics Post Air” Service by Air India. This service will help the customers to send their consignments to different parts of the country, especially to the North-Eastern region without difficulty. This MOU will meet the huge demand for Logistics Post Air Service for

Nimmagadda Prasad’s Matrix Enports Holdings Private Limited has sold 40% stake in Vanpic Ports Private Limited to the Navayuga Group, reported the Business Standard.
Vanpic Ports was developed jointly by RAS-Investment Authority and Hyderabad-based Matrix Enport in the ratio 51:49 respectively. With this deal, Prasad’s stake in Vanpic Ports has come down to 9%, indicated the

Vopak has entered the fast growing Indian market through the acquisition of 100% of the shares in CRL Terminals Pvt. Ltd in the Port of Kandla from a domestic operator. The terminal is one of India’s largest independent storage facilities for chemicals and vegetable oils and consists of two sites with a total capacity of

Aqua Logistics Ltd is to buy 70 per cent stake in Bangalore-based Nikkos Logistics Pvt Ltd. Nikkos Logistics offers diversified logistics services including supply chain management service, reported Deal Curry.
Aqua Logistics provides services such as transportation, warehousing and re-distribution of cargo. The Company is promoted by Rajesh Uchil, MS Sayad, Harish Uchil and Gopalkrishna Uchil.

Global private equity firm, Warburg Pincus, is to make an investment of US$100 million in India’s leading logistics company, the NDR Group. The transaction amount will see Warburg Pincus acquire a minority stake in NDR Group’s flagship company, Continental Warehousing Corporation (Nhava Seva) Limited (CWCNSL). Warburg Pincus will undertake the investment through its Indian affiliate.
The

Infrastructure India Plc is investing in Logistic & Maritime Services Pvt Ltd (VLMS), for a 99.99% stake. Logistic & Maritime Services Pvt Ltd develops and operates transportation and container processing infrastructure in India. Infrastructure India Plc is an AIM-listed infrastructure investment company.
Infrastructure India Plc is raising $53 million at 60.5 pence a share and acquiring

Ashmore Alchemy reported it had invested $10 million in Bangalore-based Siesta Logistics Corporation Limited (SLCL) for a minority stake. Ashmore Alchemy is a Private Equity firm. The firm reiterated that the funds raised by Siesta Logistics will be used for expansion in both the domestic and international markets. Ashmore Alchemy is a joint venture between

SMIT Salvage, a wholly owned subsidiary of Royal Boskalis Westminster N.V., announced Monday it had acquired two ship salvage contracts in India. The combined value of the contracts is approximately € 50 million. The first assignment involves the refloating of a container vessel off the western coast of India.
The vessel was involved in a collision

Coffee Day Resorts Pvt Ltd’s unit, Tanglin Retail Realty Development Ltd Tuesday reported it had acquired majority control of Sical Logistics from its promoter Ashwin C. Muthiah. Under the takeover agreement of the majority stake, Sical Logistics is to give 16,08,0010 shares to Tanglin Retail Realty on preferential basis at Rs.76 per share.
That will be

FedEx reported that its FedEx Express business is to acquire the Mumbai based AFL Pvt Ltd’s and its affiliate Unifreight India Pvt Ltd’s logistics, distribution and express businesses. The US based cargo firm said the move is in line with reinforcing its operations in India. The acquisition by the FedEx Express business unit will give