Pristine Logistics acquires DLI India in stock and cash deal

Logistics service provider Pristine Logistics and Infraprojects has agreed to acquire Distribution Logistics Infrastructure Pvt Ltd and its group companies (DLI India) from the Alternative Investment Market (AIM) London-listed Infrastructure India Plc in a stock and cash deal, the company said in a press release on November 7. “The agreement has been entered into with AIM (London Stock Exchange) listed Infrastructure India Plc (IIP), the holding company of DLI India and DLI Mauritius,” Pristine Logistics said in the release. The acquisition will help the rail-focussed logistics firm expand further into the hinterland, riding on the Indian Railways plan to raise modal share in freight from 27 percent to 45 percent by 2030 to cut carbon emissions. The deal involves DLI Mauritius selling 100 percent of the equity of DLI India to Pristine Malwa Logistics Park, which will become the sole owner of all IIP’s logistics entities in India.