Shree Shubham Logistics, an Agri-logistics company, has concluded
an agreement to raise Rs. 80 Crores with Tano India Pvt Equity Fund. The
company proposes to utilize these funds for its warehousing capacity expansion.
Shree Shubham Logistics, a subsidiary of Kalpataru Power
Transmission Ltd, currently operates about 90 agri-warehouses across India with
a total capacity of about 11 lakh tonnes (lt). Out of this, the company owns an
inventory of 3.6 lt, the rest is operated through tie-ups and long-term lease
contracts. The Company currently provides the entire range of
warehousing services, including transportation, grading, sorting, testing,
storage and fincing of agri commodities.
The Company has expansion plans of adding new warehousing
capacity of about 2.4 lacs tones by October 2013 in Maharashtra, Rajasthan,
Madhya Pradesh, Andhra Pradesh and Karnataka.
Post deal Tano India Pvt Equity Fund would hold a stake of below
20 per cent in the company.
Tano Capital was founded by Charles E. Johnson,
formerly Co-President of Franklin Templeton Investments and CEO of Templeton
Worldwide Inc.
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