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MUMBAI: CDC Group will purchase a significant minority stake in UTI Capitalbacked unlisted freight terminal maker Pristine Logistics and Infrastructure for Rs 200 crore, the third direct investment by the British fund in India, two people with direct knowledge of the development said.
The fund typically prefers to invest in private equity funds as investor, known as limited partners in industry parlance.
Pristine Logistics & Infraprojects Pvt Ltd, a Delhi-based infra-logistics player, has announced that it has bought the Rs 50 crore, all-India container train operator (CTO) licence of R-Infra, the Anil Ambani-led company, last week.
Founded by Mr Amit Kumar and Mr Rajnish Kumar, along with Mr Sanjay Mawar and Mr Durgesh Govil, Pristine operates three rail terminals, in Kanpur, Ludhiana and Patna.
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.
