Allcargo Logistics in talks to acquire stake in rival Gati1 min read 25 Sep 2019, 10:39 PM IST
The board of Allcargo is likely to consider the proposed acquisition in October, the people said
Allcargo is in discussions to acquire Gati, that’s 6% owned by Goldman Sachs Group
Allcargo Logistics Ltd is in talks to buy a stake in smaller rival Gati Ltd, people with knowledge of the matter said, as India’s biggest cargo company attempts to boost its presence across Asia’s third-largest economy.
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