NDR Warehousing raises Rs 5 billion with Investcorp
WAREHOUSING & LOGISTICS

NDR Warehousing raises Rs 5 billion with Investcorp

According to individuals familiar with the matter, it was reported that NDR Warehousing, a logistics infrastructure company, had secured funding of Rs 5 billion from Investcorp, an investor based in Bahrain. The funding was obtained in anticipation of NDR Warehousing's proposed infrastructure investment trust (InvIT).

It was mentioned that NDR Warehousing had filed a draft placement memorandum (DPM) with the Securities and Exchange Board of India (SEBI) to raise around Rs 11.65 billion through an InvIT. The intention behind raising these funds was to repay specific loans related to construction. One of the sources stated that the draft documents were submitted to the market regulator on Friday, and the InvIT would be privately listed.

When asked for a comment on the pre-InvIT funding, NDR Warehousing chose not to respond. This recent funding from Investcorp marks their second investment in NDR Warehousing, the first being a $55-million investment made last year.

The proposed InvIT, if successfully launched, would be the first of its kind listing by a warehousing company. According to the DPM, the offering would consist of a fresh issue of Rs 8.43 billion by NDR InvIT Trust, as well as an offer for sale of Rs 3.22 billion by the selling unitholders.

The report also highlighted that NDR Warehousing would act as the sponsor of the trust, with NDR Invit Managers serving as the trust's investment manager, and Axis Trustee Services acting as the trustee. ICICI Securities would be the lead manager for the issue.

NDR Warehousing, a part of the NDR group, was established in 1986. Led by N Amrutesh Reddy as the managing director, the company has undergone substantial growth, with a portfolio of 33 warehouses spanning 16.91 million sq ft of leasable area across 12 cities.

The company has plans to expand its warehousing and industrial parks throughout the country by adding 4-5 million sq ft per year.

Also read:
Increased cost for Bengaluru-Mysuru Expressway travel from July 1
MoRTH invites bids for construction of bypass road in state of Odisha


According to individuals familiar with the matter, it was reported that NDR Warehousing, a logistics infrastructure company, had secured funding of Rs 5 billion from Investcorp, an investor based in Bahrain. The funding was obtained in anticipation of NDR Warehousing's proposed infrastructure investment trust (InvIT). It was mentioned that NDR Warehousing had filed a draft placement memorandum (DPM) with the Securities and Exchange Board of India (SEBI) to raise around Rs 11.65 billion through an InvIT. The intention behind raising these funds was to repay specific loans related to construction. One of the sources stated that the draft documents were submitted to the market regulator on Friday, and the InvIT would be privately listed. When asked for a comment on the pre-InvIT funding, NDR Warehousing chose not to respond. This recent funding from Investcorp marks their second investment in NDR Warehousing, the first being a $55-million investment made last year. The proposed InvIT, if successfully launched, would be the first of its kind listing by a warehousing company. According to the DPM, the offering would consist of a fresh issue of Rs 8.43 billion by NDR InvIT Trust, as well as an offer for sale of Rs 3.22 billion by the selling unitholders. The report also highlighted that NDR Warehousing would act as the sponsor of the trust, with NDR Invit Managers serving as the trust's investment manager, and Axis Trustee Services acting as the trustee. ICICI Securities would be the lead manager for the issue. NDR Warehousing, a part of the NDR group, was established in 1986. Led by N Amrutesh Reddy as the managing director, the company has undergone substantial growth, with a portfolio of 33 warehouses spanning 16.91 million sq ft of leasable area across 12 cities. The company has plans to expand its warehousing and industrial parks throughout the country by adding 4-5 million sq ft per year. Also read: Increased cost for Bengaluru-Mysuru Expressway travel from July 1 MoRTH invites bids for construction of bypass road in state of Odisha

Next Story
Infrastructure Urban

World-class sports complex in Tirupati soon

A new world-class sports complex will soon be developed in Tirupati, following a meeting between Animeni Ravi Naidu, Chairman of the Sports Authority of Andhra Pradesh (SAAP), G Narasimha Yadav, TDP Parliamentary President of Tirupati, and District Collector Dr. S Venkateswar. The new sports policy, recently approved by Chief Minister Nara Chandrababu Naidu, aims to elevate the standards of sports infrastructure in the region. During the meeting, the team discussed various components of the sports policy and highlighted plans to enhance Tirupati’s sports landscape. A key focus was the propo..

Next Story
Infrastructure Urban

Centre sets up five working groups to transform city management

The Union Ministry of Housing and Urban Affairs (MoHUA) has established five working groups to recommend reforms aimed at transforming urban governance across India. The groups will focus on areas such as political and administrative reforms, redefining the role of parastatals, rural-urban continuity, and enhancing local capacity building. These working groups will examine key issues like enhancing accountability among elected officials in project execution, the direct election of mayors, and the creation of participatory budgeting processes. The groups will submit their findings within three ..

Next Story
Infrastructure Transport

US Nagar highway to be realigned for Pantnagar airport expansion

A major highway realignment project has been announced in Udham Singh Nagar to facilitate the expansion of Pantnagar International Airport. The National Highway (NH) 109 will be relocated by 7 km behind the airport to accommodate the airport’s expansion plans. Vikas Mittal, Project Director at the National Highways Authority of India (NHAI), confirmed that a detailed project report (DPR) for the realignment is being prepared and will be submitted by December 22. The realigned stretch will curve near the Anandi Mata Temple, follow the railway line, and reconnect with the main highway near Sa..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000