Active Stocks
Fri May 24 2024 15:59:27
  1. Tata Steel share price
  2. 174.80 -0.37%
  1. NTPC share price
  2. 374.85 0.68%
  1. State Bank Of India share price
  2. 828.60 -0.45%
  1. ITC share price
  2. 436.10 -1.16%
  1. Power Grid Corporation Of India share price
  2. 318.50 -0.39%
Business News/ Companies / Future Supply completes acquisition of Vulcan Express
BackBack

Future Supply completes acquisition of Vulcan Express

Future Supply Chain Solutions has purchased 100% share capital of Vulcan Express Private Ltd, thereby making Vulcan as wholly owned subsidiary of the company

A file photo of Future Group CEO Kishore Biyani. Photo: Indranil Bhoumik/MintPremium
A file photo of Future Group CEO Kishore Biyani. Photo: Indranil Bhoumik/Mint

New Delhi: Kishore Biyani’s Future Supply Chain Solutions on Saturday said it has completed the acquisition of Snapdeal’s logistics service provider Vulcan Express Private Ltd.

“The company has, on February 2, 2018, completed the acquisition and purchased 100 per cent share capital of Vulcan Express Private Ltd, thereby making Vulcan as wholly owned subsidiary of the company," Future Supply Chain Solutions said in a BSE filing.

The Rs35 crore all cash deal was announced last month. Future Group has been on an acquisition spree in the recent past. In October last year, Future Retail executed share purchase agreement (SPA) with Shoppers Stop for its Rs655 crore acquisition of Hypercity Retail in stock-and-cash deal.

Last month, Future Retail said it will fully acquire Travel News Services India (TNSI) in a Rs100 crore deal, a move which would help the company to further consolidate its retail business. Future Supply Chain is present pan-India, with 44 warehouses, 14 logistics hubs, 106 branches, and over 4.2m square feet of warehousing space.

You are on Mint! India's #1 news destination (Source: Press Gazette). To learn more about our business coverage and market insights Click Here!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 03 Feb 2018, 08:16 PM IST
Next Story footLogo
Recommended For You