Stellar Value Chain News Today

CEVA Logistics has signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions (Stellar VCS).

Third-party logistics firm Ceva Logistics on Monday said that it has agreed to acquire a 96% stake in private equity firm Warburg Pincus-backed logistics provider Stellar ......

France-based CEVA Logistics has signed a pact with third-party logistics firm Stellar Value Chain Solutions for acquiring a controlling stake in the company, a statement said on Monday. The move under which CEVA will acquire the entire stake of private equity firm Warburg Pincus will help it

Jiomart B2B is the latest among organised supply-chain companies to bite the bullet, shutting down its warehouses, and asking its employees to leave. Why are companies finding it difficult to sustain the supply-chain business? Experts point out that gross margins in supplying fast-moving consumer goods (FMCGs) are very low.

The company is jointly owned by Coimbatore-based UMS Group, Watertec Malaysia and Sri Lanka-based South Asian Investments

As on date Warburg Pincus holds around 91.96% stake in the company with the rest being held by the founder and others, data from VCCEdge shows.

Stellar Value Chain Solutions already has a strategic presence across 21 centres pan India. These growth centres spread across 21 key cities in India cater to 85% of India’s consumption and production requirement.

The new facilities will cater to the increased demand for warehousing as customers are expecting deliveries of their shipments at the drop of a hat, its Chairman and Managing Director Anshuman Singh said.

In an interview, Avigna group Executive Director and CEO Abhijit Verma highlighted that the company recently completed the development as well as leasing of first phase of Hosur Park in Tamil Nadu comprising one million sq ft area.

Avigna group to invest Rs 800 cr in FY22 to build warehousing, industrial parks in TN, Karnataka New Delhi, Jun 6: Tamil Nadu-based Avigna group will invest around Rs 800 crore during the current financial year to develop industrial and warehousing parks in Tamil Nadu and Karnataka as part of its expansion plan, its Chief Executive Officer Abhijit Verma said. Avigna group, which is into garment, education and export businesses, entered the industrial and logistic park segment in 2017-18. In an ...