CDC-backed logistics services firm Pristine Logistics & Infraprojects Pvt. Ltd has started talks to raise up to Rs400 crore from private equity investors, at least two people aware of the development said.
“Pristine Logistics has appointed investment bank Spark Capital to advise them on the fund raise. The company has initiated the process and has started reaching out to private equity and infrastructure investors. They plan to raise around Rs300-400 crore in this round of fund raising,” said one of the two people mentioned above, requesting anonymity as the talks are private.