Comments
Bahrain-based global investment manager Investcorp has invested ₹500 crore more in NDR Warehousing, which operates 14 million square feet of warehousing assets across India.
In February 2022 the alternative investment manager had led a $55 million funding round in NDR, which is planning to list a part of its warehousing portfolio as an infrastructure investment trust (InvIT).
NDR operates over 50 warehouses and 21 industrial parks across 10 cities and has 6 msf of assets that are coming up.
Ritesh Vohra, Partner and Head of Real Estate at Investcorp India, said, “Our second investment with NDR within a span of 18 months is a testimony to NDR’s market leadership and robust performance, as well as to Investcorp’s conviction on the warehousing sector in India. We anticipate strong tailwinds and a long runway ahead for the sector and with an InvIT listing under evaluation, we expect NDR will be well positioned to capitalise on these market dynamics”.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.