Piramal Finance to invest Rs. 485 crore in Apollo LogiSolutions

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

BS