Livemint
Mumbai: Private equity (PE) firm Kedaara Capital is in advanced talks with Mahindra Logistics Ltd , a subsidiary of Mahindra and Mahindra Ltd (M&M), to invest $60 million to $70 million for a significant minority stake, according to two people, one of who is directly involved in the negotiations.
If the deal works out, it will be Kedaara Capital’s debut transaction. Last year, Kedaara Capital closed its maiden PE fund with a corpus of $540 million.
Co-founded by Manish Kejriwal, former India head of Singapore investment firm Temasek Holdings Pte. Ltd, and former General Atlantic LLC managing director Sunish Sharma, Kedaara Capital focuses on control and minority investment opportunities.
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Kedaara Capital in talks to invest up to $70 mn in Mahindra Logistics
