Piramal Enterprises has reportedly invested Rs 485 crore to integrated third party logistics solutions provider Apollo LogiSolutions (ALS). It has done so through its subsidiary Piramal Finance. The investments were made through the corporate finance group (CFG) of Piramal Finance.
Piramal will be a long-time investor with ALS, as it seeks to scale up its operations over the coming years. ALS is planning to use this growth capital in various capacities such as the organic growth of existing business, ramping up of new business ventures besides the consolidation of ownership in various joint ventures.
Piramal Enterprises is one of the leading players globally in CRAMS (custom research and manufacturing services) as well as in the critical care segment of inhalation and injectable anaesthetics. It also has a strong presence in the OTC segment in India.
Company Name | CMP |
---|---|
Bajaj Finance | 7340.75 |
Shriram Finance | 2732.05 |
Aditya Birla Capital | 239.95 |
SBI Cards AndPayment | 728.10 |
L&T Finance | 181.85 |
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