NDR Warehousing bags ₹500 crores in funding from Investcorp; planning InvIT as well
NDR Warehousing has taken a leap forward by filing a draft placement memorandum (DPM) with the Securities and Exchange Board of India (Sebi) to secure a hefty ₹1,165 crore through the InvIT. The primary purpose of these funds will be to repay construction-related loans. It is worth noting that this InvIT will be privately listed, signifying a groundbreaking milestone for a warehousing company. NDR Warehousing, a logistics infrastructure company, has struck a remarkable deal, bagging a staggering ₹500 crores in funding from Investcorp, an esteemed investor hailing from Bahrain.