Transportation sector projects by Kerry Logistics Network Limited in Multi Location
Project Information
7167
Kerry Logistics Network Limited
Hong Kong-based Kerry Logistics Network Limited (Kerry Logistics) has acquired 50 per cent stake Indev Logistics Pvt. Ltd. (Indev), a Chennai-based logistics company. The stake value is estimated to be around Rs 1,000 crore. By 2018, the company is also planning to list in the Indian markets.
Indev will be rebranded as Kerry-Indev, reflecting Kerry Logistics' growing capabilities and ambition to become a major pan-Indian logistics company with India Focus and member of a China Specialist Global Network, said S Xavier Britto, chairman of Kerry-Indev Logistics.
While he refused to share the details of Kerry Logistics investment, sources close to the company said the value of the 50 per cent stake is estimated to be around Rs 1,000 crore.
Project Value
INR 1000 Crore /-
Planning
Multi Location
Multi State
India
Transportation
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