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Blackstone Group emerges as highest bidder for LOGOS India at Rs 1,200 cr
Update / Judgement Date
18 Oct 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Blackstone Group emerged as the highest bidder for Logos India, a logistics and warehousing company, with a bid of ₹1,200 crore. The acquisition is part of Blackstone’s strategy to expand its presence in India’s growing logistics sector. Logos India, backed by Singapore’s sovereign wealth fund GIC, has a significant portfolio of logistics assets across key Indian cities. The deal is expected to enhance Blackstone’s logistics capabilities and support its long-term growth plans in the region. The acquisition underscores the increasing investor interest in India’s logistics and warehousing market.