Adani Ports and Special Economic Zone (APSEZ) 5 October completed the acquisition of the Krishnapatnam Port Company Limited (KPL) in Andhra Pradesh for an enterprise value of Rs 120 billion but at a lower enterprise value compared with the deal that APSEZ signed with KPL at the beginning of the year. Present enterprise value is 13 per cent lower than the original deal value of Rs 135 billion.
The Government of Singapore Investment Corporation is in the final round of talks with ESR to invest in their second India focused logistics funds. ESR Cayman is a logistics real estate platform backed by a private equity firm Warburg Pincus. GIC is expected to invest approximately Rs 7.50 billion out of the targeted corpus of Rs 22.50 billion, as reported earlier.
Safexpress, among India’s largest supply chain and logistics companies, has launched its ultra-modern logistics park in Rudrapur. This state-of-the-art facility is strategically located on National Highway 109. On this occasion, senior dignitaries from Safexpress were present to launch the Safexpress Logistics Park at Rudrapur. These included SK Jain, Vice President and Piyush Jain, Regional Manager-Uttarakhand and Mohit Rai, Area Manager, Rudrapur.
Welspun One Logistics Parks (WOLP) has launched its maiden 110 acre Grade-A warehousing park with a leasable area of 3.2 million sq ft and an estimated investment of Rs 9 billion (US$ 120 million) in Bhiwandi – a key warehousing market in Mumbai Metropolitan Region (MMR), India’s largest consumption centre.