Read more about Welspun Corp Ltd soars 1.08%, gains for fifth straight session on Business Standard. Welspun Corp Ltd is quoting at Rs 126.8, up 1.08% on the day as on 12:44 IST on the NSE. The stock is down 36.07% in last one year as compared to a 23.2% jump in NIFTY and a 28.13% jump in the Nifty Metal.
Successful implementation of the reform has made the state eligible to mobilise additional financial resources equivalent to 0.15 per cent of its Gross State Domestic Product (GSDP).
Named Welspun One Logistics Parks Fund I” the fund is a SEBI-registered Category II AIF. The fund has a target size of Rs 500 crore with a tenure of four years and a hurdle rate of 15 per cent. Welspun promoter family office has put in Rs 75 crore. The investment thesis of the fund is to acquire land parcels in high demand, pre-identified markets, and develop Grade-A warehousing parks which will be leased on a long-term basis to ‘AAA’ credit tenants from sectors such as e-commerce, FMCG, third-party logistics (3PLs), pharma and auto-ancillaries. On completion, these assets would be divested to institutional investors including private equity, pension and sovereign funds, REITs, and so on to provide an exit and deliver the targeted returns to fund investors.
Welspun One Logistics Parks launches first AIF of ₹500 cr
January 19, 2021
×
To acquire land parcels in high-demand, pre-identified markets and develop Grade-A warehousing parks to be leased on long-term basis to tenants
Welspun One Logistics Parks, a fund backed by Welspun Group, has launched its first Alternate Investment Fund (AIF) with a target size of ₹500 crore. The AIF ― Welspun One Logistics Parks Fund I ― has a tenure of four years and hurdle rate of 15 per cent. It has already received a commitment of ₹75 crore from the Welspun promoter family office.
The investment thesis of the fund is to acquire land parcels in high-demand, pre-identified markets and develop Grade-A warehousing parks which will be leased on long-term basis to tenants. The fund intends to lease the land parcels to sectors such as e-commerce, FMCG, third-party logistics, pharma and auto-ancillaries.
Welspun One Logistics Parks, a pan-India integrated fund, development and asset management platform backed by the Welspun Group, announced its first Alternate Investment Fund (AIF) product ‘Welspun On