NewCold, a Netherlands-based cold chain logistics and supply chain company, has completed its maiden warehousing transaction in India with the acquisition of Palava Induslogic 3 Private Limited, a wholly owned subsidiary of Macrotech Developers Limited, for nearly Rs 1.53 billion ($18.5 million). The acquisition has been carried out via its unit, NewCold India Holding BV. The deal is likely to close by January 2024.
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