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Allcargo announces JV with CCI Logistics

Avvashya Group firms, Allcargo Logistics and ECU Worldwide, today announced a joint venture with CCI Logistics for consolidation of its contract business. "As per the agreement reached between the promoters of Allcargo and CCI, Allcargo will hold 62 per cent and CCI promoters will hold 38 per cent share in the company," Allcargo said in a statement.
 
The new entity, Avvashya CCI Logistics Pvt Ltd, is a joint venture between three business entities -- Warehousing division of CCI Logistics Ltd and Hindustan Cargo Ltd and the Contract Logistics Division of Allcargo Logistics.
 

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http://www.business-standard.com/article/pti-stories/allcargo-announces-jv-with-cci-logistics-116082500548_1.html

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