Sage Capital Advisors (SCA), the Mumbai-based private equity firm has picked up an 8% stake in Innovative B2B Logistics Solutions, a Delhi-based private cargo train operating company. According to sources close to the development, SCA has invested close to Rs 25 crore in the company. In its one year of operation, Inlogistics has posted a turnover of almost Rs 75 crore. Inlogistics is one of the 14 private players who were granted the licence to operate container trains by the Indian Railways.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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