Welspun One plans to raise ₹4,000 cr
Mint Chennai|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.
Samiksha Goel

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 Chennai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 19, 2024 edition of Mint Chennai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT CHENNAIView All
Mint Chennai

Cold wave in North India to boost wheat, mustard crops

The drop in temperature does not bode well for crops like chickpea and potatoes in the plains

time-read
2 mins  |
January 04, 2025
Mint Chennai

States' Q4 borrowing to rise 18% after Q2 growth slump

Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan

time-read
3 mins  |
January 04, 2025
Mint Chennai

Govt cuts gas allocation for LPG, diverts to city retailers

The government has slashed allocation of natural gas used for liquefied petroleum gas (LPG) production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet part of their requirement for compressed natural gas (CNG)/piped cooking gas supplies, said an official order.

time-read
1 min  |
January 04, 2025
Mint Chennai

Rupee closes at new record low vs dollar

Reports of the central bank selling US dollars supported the rupee at lower levels, traders said

time-read
1 min  |
January 04, 2025
Mint Chennai

Existing EV subsidies to stay, no new incentives

Commerce minister Piyush Goyal said on Friday existing subsidies for the electric vehicle (EV) ecosystem will continue for some time, citing broad consensus among the government, auto OEMs, and battery swapping companies that no new incentives or subsidies are required at this stage.

time-read
1 min  |
January 04, 2025
Mint Chennai

Pharma Teachers Faking Profiles to Be Blacklisted

Pharmacy Council of India Identified 45,355 Cases of Duplicate Profiles on Digi-Pharmed Portal Using Same Aadhaar and PAN

time-read
1 min  |
January 04, 2025
Mint Chennai

India's market cap share globally dips from record highs

India's share in global market capitalization dipped to 4.2% in December from its August peak of 4.6%, as global equity markets faced turbulence, showed an analysis by Motilal Oswal Financial Services Ltd.

time-read
1 min  |
January 04, 2025
Mint Chennai

PM E-Drive e-bus subsidy to be rolled out from March

Govt to initiate bidding process after working out demand via state, city transport utilities

time-read
2 mins  |
January 04, 2025
Mint Chennai

PNG, CNG Consumers to Get Uniform Insurance Cover

Although CNG Users Report More Accidents, Instances of Pipeline Leaks at PNG Households Were Reported

time-read
2 mins  |
January 04, 2025
Mint Chennai

Biden to Block Sale of US Steel to Nippon

President Joe Biden has decided to block the sale of United States Steel Corp. to Japan's Nippon Steel Corp., according to three people with knowledge of the matter, ending a $14.1 billion deal that has faced months of vocal opposition and raising questions over the future of a US industrial giant.

time-read
1 min  |
January 04, 2025