Acquisition of KRIBHCO Infrastructure Limited by Continental Warehousing Corporation (Nhava Seva) Limited

J. Sagar Associates (“JSA”) advised and assisted Krishak Bharati Cooperative Limited (KRIBHCO) in the sale of 76% shares of its wholly owned subsidiary, KRIBHCO Infrastructure Limited (KRIL) to Continental Warehousing Corporation (Nhava Seva) Limited (CWCNSL).

The transaction also involved infusion of funds by KRIBHCO and CWCNSL in KRIL by way of subscription to OCDs and CCPS.

KRIL is an integrated multi-modal logistics operator in India operating major inland container depots, private freight terminals at Pali (Haryana), Modinagar (Uttar Pradesh) and Hazira (Gujarat), and has container train operations with a pan India outreach.

CWCNSL is a subsidiary of Hindustan Infralog Private Limited (HIPL), which is a joint venture between Dubai Ports World and National Investment and Infrastructure Fund. With the transaction, HIPL is now one of the leading integrated rail terminal and container train operators in India with an enhanced network to provide end-to-end connectivity to cargo owners.

JSA Team comprised Partners –  Sidharrth Shankar and Divyanshu Pandey, Principal Associate –  Shweta Gupta, Associate – Aman Bhatia and Asst. Company Secretary – Surbhi Talreja.