DP World and NIIF acquired a 76% stake in KRIL.

Hindustan Infralog, a joint venture between DP World, a global port operator, and the National Investment and Infrastructure Fund, India’s first sovereign wealth fund, acquired a 76% stake in KRIBHCO Infrastructure, an integrated multi-modal logistics operator in India. Financial terms were not disclosed. Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: "We are delighted to announce the acquisition of 76% stake in KRIBHCO Infrastructure, a rail logistics solutions provider, which is highly complementary to our earlier acquisition of Continental Warehousing Corporation. It enables the DP World Group to become a significant operator in the fast-growing inland logistics market. In India, we have made strong progress in building an integrated logistics platform which can deliver a competitive solution to cargo owners and we aim to continue adding scale to our offering to deliver greater efficiencies and value to the trade."