DP World-NIIF JV to acquire 76% in rail logistics firm Kribhco Infra

The purchase consideration is below one per cent of DP World's net asset value as of 2018.

Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), on Thursday announced the acquisition of a 76 per cent stake in Kribhco Infrastructure Limited (KRIL), an integrated multi-modal logistics operator in India, through its 90 per cent owned subsidiary, Continental Warehousing Corporation (Nhava Seva) Limited (CWCNSL).

Kribhco (Krishak Bharati Cooperative Society) Limited, will continue to retain the remaining 24 per cent shareholding.

The purchase