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Future Supply Chain Solutions is going to acquire 100% stake in Vulcan Express. Vulcan Express serves the logistics requirements of Snapdeal, Airtel and UPS.
As per a company release, Jasper Infotech, which owns Snapdeal has entered into an agreement with Future Supply Chain Solutions, to sell 100% stake in Vulcan Express. It will be a all cash deal and it is valued at Rs.35 crore.
Furthermore, Kishore Biyani, Founder & Chairman, Future Group stated, “We are delighted to welcome Vulcan Express to the Future Group family. I am confident that as part of Future, Vulcan Express will continue to set new standards in the industry. Through Vulcan, we plan to boost our last mile capabilities and also offer state-of-the-art solutions to our e-commerce and retail clients, including realizing our disruptive vision of Retail 3.0.”
