Business Standard

A COMMERCIAL FEATURE

What's this ?

Commercial Feature is a Business Standard Digital Marketing Initiative.

The Editorial/Content team at Business Standard has not contributed to writing or editing these articles.

For further information, please write to assist@bsmail.in

Piramal Finance to invest Rs 485 crore in Apollo LogiSolutions

Investment to boost Apollo LogiSolutions' capabilities in providing end-to-end logistics solutions

BS B2B Bureau  |  Mumbai 

Piramal Finance to invest Rs 485 crore in Apollo LogiSolutions

Limited, the subsidiary of Piramal Enterprises Limited, will invest Rs 485 crore in integrated third party (3PL) solutions provider, (ALS). The investments were made through the Corporate Finance Group (CFG), erstwhile Structured Finance Group, of Limited. 

“The space has been on our radar as a focus area for a while now. As is standard practice across our platform, we committed to an in-depth study of the sector over the past few quarters which culminated into this transaction. We look forward to more such transactions as we further scale up our investment focus towards this sector,” stated Khushru Jijina, managing director, Limited.

Limited will be a long term investor with the company as it seeks to scale up its operations over the coming years. plans to use this capital in various capacities such as organic growth of existing business, ramping up of new business ventures as well as consolidation of ownership in various joint ventures.

Raaja Kanwar, vice-chairman & managing director, Apollo International Limited, added, “has been one of the few organised 3PL integrated players with multimodal capabilities and a wide geographical reach. We are pleased to partner with an organisation of such repute. This investment will boost our capabilities in providing end-to-end solutions to our customers across India and internationally. Looking ahead, we believe that the sector will be fuelled by increasing economic activity, and structural changes on account of GST rollout.”

Established in 2009, provides end-to-end integrated services through its strong global network spread across multiple locations.

First Published: Thu, June 29 2017. 15:36 IST
RECOMMENDED FOR YOU

Piramal Finance to invest Rs 485 crore in Apollo LogiSolutions

Investment to boost Apollo LogiSolutions' capabilities in providing end-to-end logistics solutions

Investment to boost Apollo LogiSolutions' capabilities in providing end-to-end logistics solutions
Limited, the subsidiary of Piramal Enterprises Limited, will invest Rs 485 crore in integrated third party (3PL) solutions provider, (ALS). The investments were made through the Corporate Finance Group (CFG), erstwhile Structured Finance Group, of Limited. 

“The space has been on our radar as a focus area for a while now. As is standard practice across our platform, we committed to an in-depth study of the sector over the past few quarters which culminated into this transaction. We look forward to more such transactions as we further scale up our investment focus towards this sector,” stated Khushru Jijina, managing director, Limited.

Limited will be a long term investor with the company as it seeks to scale up its operations over the coming years. plans to use this capital in various capacities such as organic growth of existing business, ramping up of new business ventures as well as consolidation of ownership in various joint ventures.

Raaja Kanwar, vice-chairman & managing director, Apollo International Limited, added, “has been one of the few organised 3PL integrated players with multimodal capabilities and a wide geographical reach. We are pleased to partner with an organisation of such repute. This investment will boost our capabilities in providing end-to-end solutions to our customers across India and internationally. Looking ahead, we believe that the sector will be fuelled by increasing economic activity, and structural changes on account of GST rollout.”

Established in 2009, provides end-to-end integrated services through its strong global network spread across multiple locations.
image
Business Standard
177 22

Piramal Finance to invest Rs 485 crore in Apollo LogiSolutions

Investment to boost Apollo LogiSolutions' capabilities in providing end-to-end logistics solutions

Limited, the subsidiary of Piramal Enterprises Limited, will invest Rs 485 crore in integrated third party (3PL) solutions provider, (ALS). The investments were made through the Corporate Finance Group (CFG), erstwhile Structured Finance Group, of Limited. 

“The space has been on our radar as a focus area for a while now. As is standard practice across our platform, we committed to an in-depth study of the sector over the past few quarters which culminated into this transaction. We look forward to more such transactions as we further scale up our investment focus towards this sector,” stated Khushru Jijina, managing director, Limited.

Limited will be a long term investor with the company as it seeks to scale up its operations over the coming years. plans to use this capital in various capacities such as organic growth of existing business, ramping up of new business ventures as well as consolidation of ownership in various joint ventures.

Raaja Kanwar, vice-chairman & managing director, Apollo International Limited, added, “has been one of the few organised 3PL integrated players with multimodal capabilities and a wide geographical reach. We are pleased to partner with an organisation of such repute. This investment will boost our capabilities in providing end-to-end solutions to our customers across India and internationally. Looking ahead, we believe that the sector will be fuelled by increasing economic activity, and structural changes on account of GST rollout.”

Established in 2009, provides end-to-end integrated services through its strong global network spread across multiple locations.

image
Business Standard
177 22