Continental Warehousing Corporation (Nhava Seva) Ltd., (CWCNSL), a 90%-owned subsidiary of Hindustan Infralog Pvt. Ltd. (HIPL), has acquired 76% stake in Kribhco Infrastructure Ltd. (KRIL), an integrated multi-modal logistics operator for an unspecified amount. Hindustan Infralog is a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF). — The Hindu

J Sagar Associates (JSA) advised the sellers, Krishak Bharati Cooperative Limited, led by a team of partners Divyanshu Pandey and Sidharrth Shankar, senior associate Srikant CV and associate Srishti Moitra; partners Bijal Chhatrapati and Bharat Bhushan Sharma, and associate Arvind Parikh advised on real estate aspects.

Platinum Partners acted for Continental Warehousing Corporation.

PwC and Citi Investment Banking were the also involved in the transaction.

2019-05-23

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