CJ Darcl Logistics has received approval from the Securities and Exchange Board of India (SEBI) to float the initial public offering (IPO). The initial share sale of CJ Darcl Logistics comprises a fresh issue of equity shares worth Rs 340 crore and an Offer For Sale (OFS) component of 54.31 lakh shares by promoters.
Proceeds from the fresh issue will be utilised for funding capital expenditure requirements of the company towards the purchase of EVs and payment of debt. Besides, a portion will also be used for general corporate purposes.
CJ Darcl Logistics is a diversified logistics company in the country with a pan-India presence. In 2017, South Korea-headquartered CJ Logistics acquired a 50 per cent stake in Darcl Logistics.
Company Name | CMP |
---|---|
Allcargo Logistics | 67.80 |
TVS Supply Chain Sol | 171.30 |
Container Corp | 1066.00 |
Mahindra Logistics | 436.95 |
Transport Corp. | 864.80 |
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