Tuscan Ventures picks up 12.45pc stake in LCL Logistix
Tuscan Ventures on Monday said it has picked up 12.45 per cent stake in Mumbai-based freight forwarder firm, LCL Logistics, for an undisclosed sum.
By PTI |
MUMBAI : Tuscan Ventures on Monday said it has picked up 12.45 per cent stake in Mumbai-based freight forwarder firm, LCL Logistics, for an undisclosed sum.
"This investment will fund LCL Logistix's rapid expansion plans and further poise them to provide as well as command outstanding value to and from all its stakeholders," Tuscan's Managing Director Vishal Sharma said in a release here.
Tuscan Ventures specialises in value creation through operational excellence in supply chain, logistics and transportation infrastructure.
LCL Logistix's core product and service offering includes tailored containerised logistics solutions to all major destinations globally. It operates warehouses in Mumbai, Nagpur, Haldia and New Delhi, the release said.
"This investment will fund LCL Logistix's rapid expansion plans and further poise them to provide as well as command outstanding value to and from all its stakeholders," Tuscan's Managing Director Vishal Sharma said in a release here.
Tuscan Ventures specialises in value creation through operational excellence in supply chain, logistics and transportation infrastructure.
LCL Logistix's core product and service offering includes tailored containerised logistics solutions to all major destinations globally. It operates warehouses in Mumbai, Nagpur, Haldia and New Delhi, the release said.
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