TVS LSL: TVS, GATI and others to acquire Snapdeal's Vulcan Express

Gati, one of India’s largest express distribution and supply-chain companies, mid-market private equity firm Peepul Capital and supply-chain player TVS Logistics are in the fray to acquire Vulcan Express, the logistics arm of beleaguered online marketplace Snapdeal. As per sources, the buyout will likely take place within the next two months for an estimated $14.4 Mn – $19.2 Mn (INR 90 Cr- INR 120 Cr).