TVS Lo­gis­tics to ac­quire Gati?

Commercial Vehicle - - CONTENTS -

TVS Lo­gis­tics Ser­vices Ltd. is said to be in talks to ac­quire a con­trol­ling stake in Hy­der­abad based ex­press dis­tri­bu­tion and sup­ply chain so­lu­tions com­pany Gati Ltd. A lead­ing sup­ply chain man­age­ment com­pany in In­dia, TVS Lo­gis­tics is ex­pected to pick up the pro­moter hold­ing of 23 per cent, and buy out smaller share­hold­ers for Rs.1,500 crores. In what is said to be the first sign of con­sol­i­da­tion in the lo­gis­tics sec­tor, the deal could be an open of­fer at Gati. Ac­cord­ing to a Jones Lang LaSalle re­port, the lo­gis­tics in­dus­try in In­dia is ex­pected to draw in­vest­ments of Rs.45,000 crores over the next two years be­cause of con­sol­i­da­tion.

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