Piramal Finance to spend INR 485 cr in Apollo LogiSolutions
Piramal Enterprises Limited through its subsidiary Piramal Finance Limited has committed INR 485 crore to integrated third party logistics (3PL) solutions provider, Apollo LogiSolutions.
Piramal Finance will be a long-term investor in the company as it seeks to scale up its operations over the coming years.
Apollo LogiSolutions plans to use this growth 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.
Tag Keyword: Piramal Enterprises Limited , Apollo LogiSolutions , Third Part Logistics