Shri Kailash Logistics to invest Rs. 450 cr in Chennai.

Shri Kailash Logistics Limited (SKLL) is mulling the option of tapping private equity (PE) to raise resources for its expansion projects.

The company is already in talks with a couple of PE players and a deal is expected to be closed soon. This is company's third round of expansion aimed at putting it on top of the logistics map of south India.

R Rajkumar, managing director, SKLL, said the company planned to raise roughly Rs. 200 crore through the PE route mainly for the expansion of the logistics park at Oragadam, near Chennai.

'We are in touch with a number of private equity players to raise funds to finance our next stage expansion plans. However, we have not finalised the deal yet. A decision can be expected very soon,' he said.