Mahindra Logistics gets Rs. 200-cr PE investment from Kedaara Capital.

Mahindra Logistics Ltd. (MLL), a subsidiary of Mahindra & Mahindra Ltd, has received an investment of Rs. 200 crore for a significant minority stake from Kedaara Capital. This is Kedaara Capital's maiden investment and is an endorsement of the long-term growth potential of the Indian logistics sector.

'We are delighted to have Kedaara on board with us. They will add significant value to our expansion plans as well as in evaluating and executing an acquisitions-led growth strategy. This is a significant step towards an IPO by 2017 and achieving our vision of being India's preferred integrated logistics service provider,' Pirojshaw Sarkari, CEO, MLL, said.


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