Tiger Logistics to raise ₹400 cr to fund business growth plan

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Worldwide air cargo recorded a two percent year-on-year (YoY) tonnage increase in January, well below the +11 percent average growth last year, facing tougher comparison figures, moderating e-commerce volumes and an earlier-than-last-year slowdown ahead of Lunar New Year (LNY) holidays in East Asia.

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www.stattimes.com

Tonnage growth eases in January ahead of early Lunar New Year

Total worldwide tonnages dropped by -12% in week 5 (January 27 to February 2) after rebounding in previous three weeks.

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Tiger Logistics (India) announced that its board members have given an in-principle approval of fundraising aggregating amounts of up to ₹400 crores by issuance of equity shares, convertible instruments, or other permissible securities to finance the business growth plan.

#tigerlogistics #logistics #nvocc #evlogistics #middleeast #eastasia #southamerica

www.itln.in

Tiger Logistics to raise ₹400 cr to fund business growth plan

Tiger is planning to get into EV logistics and NVOCC business as well as expand to new geographies including the Middle East, East Asia and South America.

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40 w

Tonnage growth eases in January ahead of early Lunar New Year

48 w

Tiger Logistics to raise ₹400 cr to fund business growth plan

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