Rail-focused logistics co Pristine acquires DLI India from India Infrastructure Fund

Delhi-based logistics service provider Pristine Logistics and Infraprojects is to acquire Distribution Logistics Infrastructure Pvt Ltd and its group companies (DLI India) from the Alternative Investment Market (AIM) London-listed Infrastructure India Plc (IIP) in a stock and cash deal. The acquisition is expected to help the rail-focussed logistics firm expand further into the hinterland. The deal involves DLI Mauritius selling 100% of the equity of DLI India to Pristine Malwa Logistics Park, which will become the sole owner of all IIP's logistics entities in India. Pristine was founded in 2008 by Amit Kumar and Rajnish Kumar, two former Indian Railways officers after they quit the Indian Railways Traffic Service (IRTS).