CDC to buy Rs 200-crore stake in Pristine Logistics

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 acquires Reliance Infra’s CTO licence

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.