New Launch8 Feb 2025, 10:35 pm
GB Logistics Commerce Ltd Purchases 8 Trucks for Business Operations
AI Summary
GB Logistics Commerce Ltd has purchased 8 trucks for business operations, in accordance with the objects of the issue stated in the prospectus of their SME Initial Public Offering (IPO). The purchase, worth 3.80 Crores, is intended to enhance their logistics and transportation capabilities, supporting their growth strategy. The trucks, described as AL U4020 Tractore /Prime Movers with 40 Feet Flat Bed 2-Axel Trailers, will be used for import/export movement from JNPT to Baroda & Ahmedabad.
Key Highlights
- GB Logistics Commerce Ltd purchases 8 trucks for business operations
- Purchase is in line with the utilization of IPO proceeds
- Intended to enhance logistics and transportation capabilities
- Trucks described as AL U4020 Tractore /Prime Movers with 40 Feet Flat Bed 2-Axel Trailers
- To be used for import/export movement from JNPT to Baroda & Ahmedabad