DP WORLD AND NIIF JOINT VENTURE HINDUSTAN INFRALOG TO ACQUIRE 76% OF KRIL Dubai, UAE/Mumbai, India, May 23, 2019 : Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announces the acquisition of a 76% stake in KRIBCHO Infrastructure Limited (KRIL), an integrated multi-modal logistics operator in India, through its 90% owned subsidiary, Continental Warehousing Corporation (NhavaSeva) Limited (CWCNSL). KRIBCHO (KrishakBharati Cooperative Society) Limited, will continue to retain the remaining 24% shareholding. The purchase consideration is below 1% of DP World's net asset value as of FY2018. KRIL was founded in 2009 and operates three 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. KRIL has a strong presence in the National Capital Region (NCR), which is India's lar