Allcargo Gati Secures ₹169.28 Crore through Qualified Institutional Placement
Logistics firm Allcargo Gati raises capital through QIP, strengthens financial position
LogisticsExpress LogisticsAllcargo GatiQipFundraisingReal Estate MumbaiJul 02, 2024
The QIP saw participation from various investors, raising a total amount of ₹169.28 crore. According to Pirojshaw Sarkari, Managing Director and CEO of Gati Express and Supply Chain Pvt Limited (GESCPL), the funds raised will strengthen the company's financial position and support its growth initiatives across key segments.
The proceeds from the QIP will be invested towards technology, infrastructure, and deleveraging the balance sheet, paving the way for strong growth of the company. Sarkari added that Allcargo Gati is entering a new growth phase with a sharp focus on customer experience through digital innovation.
Information Allcargo Gati Ltd is a leading express logistics firm in India, providing a range of services including express distribution, supply chain management, and warehousing. The company has a strong presence in the Indian logistics market and is known for its customer-centric approach.
Allcargo Gati Ltd is a part of the Allcargo Group, a global logistics conglomerate with a presence in over 160 countries. The group provides a range of logistics services, including express, air, and ocean freight, project logistics, and contract logistics.
Frequently Asked Questions
How much did Allcargo Gati raise through QIP?
₹169.28 crore
What will the funds be used for?
Technology, infrastructure, and deleveraging the balance sheet
What is the current growth phase of Allcargo Gati?
A new growth phase with a sharp focus on customer experience through digital innovation
Who is the CEO of Gati Express and Supply Chain Pvt Limited?
Pirojshaw Sarkari
What is the Allcargo Group's global presence?
Over 160 countries
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