Everstone bets on India's logistics space
The fact that Dehli-based Transpole is regarded one of India's largest shipping logistics firms yet still accounts for around 3% of its market speaks volumes for the level of fragmentation in the sector. Everstone Capital is betting on Transpole's potential as a consolidation play, paying INR2.2 billion for a near 25% stake of the company.
"We essentially want to help the company strengthen its trade links and logistics infrastructure, which means setting up more offices and infrastructure and building the customer base," explains Dhanpal...
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