The Chennai-based Shri Kailash Logistics plans to raise nearly Rs 100 crore from private equity investors and is in talk with three or four PE firms, according to the company's promoter, Mr S. Rajkumar.

The PE fund will help the company to invest in construction of new logistics parks in Oragadam, Bengalore and Coimbatore. “Promoters are prepared to dilute up to 49 per cent of equity,” he told newspersons.

The company plans to invest nearly Rs 300 crore in the three projects in the next two years, he said. The company is part of the Rs 400-crore Sree Kailash Group, which has diversified operations in paper segment, logistics parks, construction and infrastructure activities.

Named Logicity, the logistics park in the automobile hub of Oragadam, will come up in 35 acres at a cost of Rs 150 crore. In the first phase, the company has already completed 2 lakh sq ft of warehousing space with the help of the Singapore-based BPS Global. The space is already occupied by leading global companies for servicing Nissan, which is located near the park, he said.

The company is also completing a commercial complex in the logistics park. The facility in 32,000 sq ft will provide a plug-and-play environment to clients, including banks, on a monthly rental.

On the Bengalore project, Mr Rajkumar said the logistics park will come up in Tumkur Road with an investment of Rs 100 crore. This park will be more to store the FMCG products.

The Coimbatore ‘Logicity' with an investment of Rs 50 crore is planned for easy movement of goods in to Kerala where the cost of labour is high, he said.

On completion of the three projects by December 2013, the company will have 17-lakh sq ft of warehousing space and 7-8 lakh sq ft open space, he said.

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