Pristine Logistics acquires DLI India in stock and cash deal

MUMBAI: Pristine Malwa Logistics Park Pvt Ltd (Pristine Malwa), 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 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.

Pristine Malwa Logistics Park, the parent of Mumbai-listed Sical Logistics Ltd (Sical), and its holding company Pristine Logistics and Infraprojects Ltd, have signed Share Purchase and Shareholders Agreements for the acquisition of DLI India, multiple sources told ET Infra.