TVS LSL to pick up majority stake in Transtar International Freight

Q.  TVS Logistics Services has announced that it will pick up majority stake in which Australia based privately held logistics firm, on 9th October 2015?
- Published on 10 Oct 15

a. Bluestar International Freight
b. Transtar International Freight
c. Whitestar International Freight
d. None of the above

ANSWER: Transtar International Freight
 
TVS Logistics has announced the acquisition of a majority stake in Australia-based Transtar International Freight, a privately-held logistics firm, in a move that is aimed at strengthening the company’s presence in the entire Asian region. Transtar is worth INR 850 crore and secures 70% of the revenue from Asian market. The stake in the Australian firm will be acquired through Singapore JV arm TVS Asianics Supply Chain Solutions. TVS LSL will generate revenue of USD 500 million from this deal over the next 5 years.

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