Apollo LogiSolutions started operations in 2009 and provides integrated logistics services through a global network spread across multiple locations. Integrated logistics solutions provider Apollo LogiSolutions Ltd (ALS) is in talks with Piramal Capital’s structured financing group (SFG) to raise around Rs300 crore of credit, said two people aware of the development. Earlier this month, Mint reported Apollo LogiSolutions is also in talks with other investors such as Hong-Kong based ADV Partners. Another logistics firm, CDC-backed Pristine Logistics and Infraprojects Pvt. ALS formed a joint venture with German logistics firm FIEGE in 2012 to form Apollo FIEGE Integrated Logistics in which it owns a 60% stake.

Source: Mint May 16, 2017 18:56 UTC