OREANDA-NEWS. June 24, 2015.

Eredene Capital Limited ("Eredene")

(an investment company in infrastructure projects in India, registered in England and Wales with company number 5330839)

Full divestment of stake in Apeejay Infra-Logistics Private Limited ("Company").

The Company has two logistics parks at  Haldia and Kalinganagar, providing integrated services for multi modal logistics through warehousing, container logistics and transportation. The business operates as a 50/50 joint venture company with its investment partner, Apeejay Shipping Limited, the Kolkata based shipping conglomerate.

·     Eredene Capital Limited ("Eredene") today announces the sale of its stake in Apeejay Infra-Logistics Private Limited

·     The sale was completed to Eredene's investment partner in the project, Apeejay Shipping Limited.