Allcargo Logistics acquires 30% stake in Gati subsidiary
WAREHOUSING & LOGISTICS

Allcargo Logistics acquires 30% stake in Gati subsidiary

Allcargo Logistics announced that it had successfully acquired 150,000 shares, representing a 30 percent stake, in Gati-Kintetsu Express (GKEPL) for Rs 4 billion.

Gati, a subsidiary of Allcargo, already held a 70% stake in GKEPL, a prominent player in the express logistics industry in India.

Shashi Kiran Shetty, Founder and Chairman of Allcargo Group, mentioned that the share purchase would grant Allcargo Logistics, along with its subsidiary Gati, complete ownership and control over GKEPL, enabling them to make strategic decisions for the company.

He further added, "This acquisition will assist us in improving our service delivery capabilities, propelling us towards the next phase of growth. Moving forward, we anticipate stronger synergy between contract logistics and express distribution, solidifying our position in the domestic logistics sector."

The deal involved the acquisition of 130,000 shares (26%) from KWE-Kintetsu World Express (S) and 20,000 shares (4%) from KWE Kintetsu Express India, as stated by the company.

Yasuyuki Tani, the regional managing director of the Southeast Asia and Oceania region at KWE, expressed, "As a group, KWE, and specifically KWE India, have maintained an excellent relationship with Gati and Gati-Kintetsu over the past decade. This relationship will now transition into a more strategic partnership in domestic logistics operations within India."

Following the completion of this transaction, Allcargo, in collaboration with Gati, now possesses a 100 percent stake in GKEPL, assuming complete control. The company confirmed that this transaction aligns with the previously signed SPA (Share Purchase Agreement) between the parties in March 2023.

Also read:
Visakhapatnam District gears up for land pooling
K Raheja’s project sells Rs 1,100 cr properties in 90 days


Allcargo Logistics announced that it had successfully acquired 150,000 shares, representing a 30 percent stake, in Gati-Kintetsu Express (GKEPL) for Rs 4 billion. Gati, a subsidiary of Allcargo, already held a 70% stake in GKEPL, a prominent player in the express logistics industry in India. Shashi Kiran Shetty, Founder and Chairman of Allcargo Group, mentioned that the share purchase would grant Allcargo Logistics, along with its subsidiary Gati, complete ownership and control over GKEPL, enabling them to make strategic decisions for the company. He further added, This acquisition will assist us in improving our service delivery capabilities, propelling us towards the next phase of growth. Moving forward, we anticipate stronger synergy between contract logistics and express distribution, solidifying our position in the domestic logistics sector. The deal involved the acquisition of 130,000 shares (26%) from KWE-Kintetsu World Express (S) and 20,000 shares (4%) from KWE Kintetsu Express India, as stated by the company. Yasuyuki Tani, the regional managing director of the Southeast Asia and Oceania region at KWE, expressed, As a group, KWE, and specifically KWE India, have maintained an excellent relationship with Gati and Gati-Kintetsu over the past decade. This relationship will now transition into a more strategic partnership in domestic logistics operations within India. Following the completion of this transaction, Allcargo, in collaboration with Gati, now possesses a 100 percent stake in GKEPL, assuming complete control. The company confirmed that this transaction aligns with the previously signed SPA (Share Purchase Agreement) between the parties in March 2023. Also read: Visakhapatnam District gears up for land pooling K Raheja’s project sells Rs 1,100 cr properties in 90 days

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?