India, Dec. 6 -- Welspun group promoters have acquired a majority stake in One Industrial Space, which is into development of warehousing space, in their personal capacities.
One Industrial Space, which was founded in July 2019 by Anshul Singhal, will be re-branded as Welspun One Logistics Parks', a company statement said.
The deal value has not been disclosed.
Singhal will be the managing director of Welspun One.
"The promoters of the USD 2.7 billion Welspun Group have acquired a majority stake in One Industrial Spaces, an integrated fund, development and asset management organisation focused on the warehousing sector in India. The investment was made by the promoters in their personal capacity through a closely held family office inve...