Mahindra Logistics raises Rs 200 crore

Mahindra Logistics (MLL), a subsidiary of the Mahindra Group, has received an investment of Rs 200 crore for a significant minority stake from Kedaara Capital.

This is Kedaara Capital’s maiden investment, and is an endorsement of the long-term growth potential of the Indian logistics sector, highlighted analysts.

Pirojshaw Sarkari, CEO, MLL, in a media interaction, said, “This is a significant step towards an IPO by 2017.”