Piramal Enterprises infuses capital in Apollo LogiSolutions

Piramal Enterprises Ltd through its subsidiary Piramal Finance Ltd has committed Rs 485 crore to third party logistics (3PL) solutions provider, Apollo LogiSolutions, reported a leading business daily on Thursday.

Piramal Finance will be a long-term investor in the company as it eyes to boost its operations over the coming years.

Apollo LogiSolutions will utilise the funds for organic growth of existing business, setting up of new business ventures as well as restructuring ownership in many of its joint ventures.

The stock of Piramal Enterprises Limited was trading at Rs 2807, up by Rs 8.45 or 0.30% as at 1427 hours on Thursday, on the BSE. The stock had hit a high of Rs 2837.

Piramal Enterprises Ltd :-
BSE 2,777.00 [21.55]    ([0.77]%)
NSE 2,770.90 [30.45]    ([1.09]%)


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