Corporate News     28-Mar-23
Allcargo Logistics to acquire 30% stake in Gati-Kintetsu Express
Gati announced that Allcargo Logistics (Parent Company) has signed the Share Purchase Agreement on 27 March 2023 with KWE-Kintetsu World Express (S) and KWE Kintetsu Express (India) (KWE/KWE GROUP) for acquisition of 30% stake of KWE held in Gati-Kintetsu Express (GKEPL), material subsidiary Company.

Post completion of this transaction, Allcargo Logistics will hold 30% stake and Gati will continue to hold the existing 70% stake in GKEPL, the material subsidiary company.

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