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Welspun One plans to raise ₹4,000 cr
Mint New Delhi
|December 19, 2024
Logistics and industrial real estate manager and developer Welspun One on Wednesday said it plans to raise ₹4,000 crore to double its portfolio size to 32 million sq. ft by 2028 from the current 16 million sq. ft.
The company said it has already identified a pipeline of 8 million sq. ft across multiple assets.
The fundraising process has drawn interest from global investors, who are also exploring financial and strategic partnerships at the General Partner (GP) level, the company said. "These alliances will broaden Welspun One's investor base and position the platform as a node for international investors seeking exposure to India's rapidly evolving logistics landscape," it said.
This story is from the December 19, 2024 edition of Mint New Delhi.
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