Blackstone to invest ₹380 crore in Allcargo’s warehousing business2 min read . Updated: 13 Jan 2020, 10:19 PM IST
- Blackstone proposes to make the investment through debt and equity
- The partnership will help Allcargo’s growing third-party logistics business, the company said
MUMBAI : Private equity (PE) giant Blackstone Group is investing ₹380 crore to buy a majority stake in the warehousing business of Mumbai-based Allcargo Logistics Ltd for developing logistics parks in key consumption hubs across India.
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