CJ Logistics Initiates Overseas Stock Market Listing with IPO for Investment in Indian entity CJ Darcl

CJ Logistics Corporation (“CJ Logistics“) is accelerating expansion into India, one of its key strategic countries. CJ Logistics’ Indian subsidiary CJ Darcl Logistics Limited (“CJ Darcl“) plans to secure future investment capital through an initial public offering (IPO). 

CJ Logistics announced that CJ Darcl had successfully submitted a pre-IPO review request to the Securities and Exchange Board of India (SEBI) under title Draft Red Herring Prospectus.

CJ Logistics took a significant step into the Indian logistics market in 2017 when it acquired a 50% stake in Indian Entity Darcl Logistics Limited and consequently name changed to CJ Darcl Logistics Limited. As of March 31, 2023, CJ Darcl has 187 branches across India, providing comprehensive logistics services, including road, railway, and shipping/coastal transportation, warehousing and distribution (W&D), and project logistics, to more than 2,900 client companies.