Welspun One plans to raise Rs 4,000 crore to double portfolio size

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Welspun One plans to raise Rs 4,000 crore to double portfolio size - Business Standard

Quick Summary:

Integrated fund and management development platform Welspun One on Wednesday said it has initiated the process to raise Rs 4,000 crore, which is drawing substantial interest, especially from global investors.

It will also broaden the platform's investor base and position it as a node for international investors seeking exposure to India's rapidly evolving logistics landscape, Welspun One said.

The fundraising is a key milestone in the company's strategy to double its portfolio size from 16 million sq ft to around 32 million sq ft by 2028, the company said, adding that it has already identified a robust pipeline of around 8 million sq ft across multiple assets.