Comments
Nippon Express Company, acting through Nippon Express (South Asia & Oceania) Pte Ltd, has agreed to acquire 22 per cent stake in Future Supply Chain Solutions via primary issuance and secondary purchase from an existing Investor. FSC will issue 37.89 lakh shares to Nippon Express at ₹664 a share; it has also entered into an agreement with institutional shareholders of FSC to acquire 58.63 lakh shares. These transactions will result in Nippon Express owning a 22 per cent stake in FSC.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.