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Eredene Capital PLC (AIM: ERE), the AIM quoted fund, has agreed to
invest up to USD 22 million in M J Logistic Services Ltd. to
build and operate three multi-user logistics centres in a ‘hub and
spoke’ model in Northern India. The
company will use the money to develop new warehouses and cold storage. it currently manages warehousing space serving a marquee list of corporate
clients, including Philips, Mico-Bosch, Asian Paints, Godrej, Colgate
Palmolive, Hindustan Lever, Coca Cola, ITC and Sharp.
Metalogos was the sole advisor to MJ Logistic Services on this transaction. |
 | Between August and September 2008, Sequoia Capital and Nexus India
Capital made their undisclosed investments in the company. While
Sequoia invested through Sequoia Capital India Investments Holdings
III, Nexus participated in the funding through Nexus India Ventures I.
What's On India is in the business of providing Electronic Program Guides (EPG) and will use the investment to launch a Program Guide TV Channel.
Metalogos advised MediaE2E on this transaction.
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