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Apollo Logisolutions (ALS) has raised Rs 485 crore in loans from a Piramal Enterprises arm for funding its expansion plans.
ALS has said in a statement that the money will be used for growing existing business, ramping up new business ventures as well as to consolidate ownership in various joint ventures.
Raja Kanwar, ALS managing director has said that “This investment will boost our capabilities in providing end-to-end solutions to our customers across the country and across the borders.”
