UK-based development finance institution CDC Group Plc is investing $25 million (over RS 150 crore) in Pristine Logistics & Infraprojects Pvt Ltd, a New Delhi-based company involved in railway freight in rural and under-served parts of the country, it said on Thursday.
Month: July 2021
India Ratings Assigns Pristine Mega Logistics Park ‘IND A-‘; Outlook Stable
Analytical Approach: Ind-Ra has excluded short-term loans extended by Pristine Logistics & Infraprojects Private Limited (PLIPL; holds 100% stake in PMLPPL), as such loans are interest-free and do not have a repayment schedule. Ind-Ra derives strong comfort from the healthy financial flexibility of PLIPL, in which Global Infrastructure Partners India is a major shareholder. This financial flexibility has enabled PLIPL to raise funds at regular intervals and support PMLPPL’s operations.
