Logistics announced that it will be receiving an investment upto Rs 380 crore
from the global private equity investor, the Blackstone Group, to develop
industrial and logistics parks across India.
partnership will help Allcargo’s growing 3 PL (third party logistics)
businesses and enable MNCs and Indian companies to access its warehousing
assets,” said the release.
will retain a minority stake in the various logistics assets and transfer its
debt as it relates to these specific assets to their relevant subsidiaries. The
transaction through debt and equity is expected to conclude in a phase-wise
manner over the next 12 months, subject to customary closing conditions.
The Indian warehousing sector has
emerged as an attractive investment destination for global investors: Shashi
Kiran Shetty, chairman, Allcargo Logistics Ltd
warehousing sector is scaling an expansionary curve backed by a robust
regulatory environment and government thrust in boosting manufacturing,
e-commerce and organized retail. This sector has emerged as an attractive
investment destination for global investors. Through this strategic tie-up, we
reiterate our commitment and positioning to create a global benchmark in
warehousing infrastructure and provide state-of-the-art warehousing solutions
to our customers,” said Shashi Kiran Shetty, chairman, Allcargo Logistics Ltd.
has completed and ongoing projects in the advanced stage of developments for 6
million square feet of Grade A logistics parks across the National Capital
Region (NCR) Delhi, Bengaluru, Hyderabad, Ahmedabad, Pune, JNPT in MMR
(Mumbai), Hosur and Goa. About 80% of the company’s warehousing portfolio is
pre-leased of which close to 1.5 million square feet is already income
producing. The company further has projects in the planning stage for another 3
million square feet.
Logistics Limited offers specialised logistics services across Multimodal
Transport Operations, Container Freight Station Operations/Inland Container
Depot Operations, Project & Engineering Solutions and Logistics Parks.
currently operates through more than 300 offices in over 160 countries,
supported by a network of franchisee offices across the world. Allcargo
Logistics is listed on the BSE Limited (Scrip Code- 532749) and The National
Stock Exchange of India Limited (Scrip Code-ALLCARGO).