Investcorp leads $55m investment in India's NDR Warehousing

Investcorp leads $55m investment in India's NDR Warehousing

Photo from Ever Flow River Group's website.

Investcorp, a global investment manager specialising in alternative investments, on Wednesday said it has led a $55 million investment in Chennai–based warehousing platform NDR Warehousing Pvt Ltd.

NDR’s asset portfolio comprises 18 logistics parks spread across over eight cities including Chennai, Mumbai, the National Capital Region, Bangalore, Coimbatore and Kolkata. Over the next few years, the company is planning to double its portfolio from the current 11.6 million square feet as it expands into other cities such as Pune and Goa, Investcorp said in a statement.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter