Allcargo Logistics closes 30% stake purchase from KWE in Gati subsidiary
Allcargo Logistics has acquired an additional 30% stake in Gati-Kintetsu Express, buying 150,000 shares for Rs 406.71 crore ($54.3m). This now gives the firm full control over the Indian express logistics company, after Allcargo's subsidiary, Gati, purchased a 70% stake.
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