Billionaire Gautam Adani-controlled Adani Ports and Special Economic Zone (SEZ) Ltd on Wednesday launched an offshore bond offering, raising as much as $750 million. This is the third and the largest offshore bond deal...
NCLAT upholds Adani group’s Adani Ports & Special Economic Zone’s takeover of Dighi Port
The National Company Law Appellate Tribunal (NCLAT) has upheld the Adani Group firm – Adani Ports & Special Economic Zone’s take-over plan of the debt-ridden Dighi Port. A three-member NCLAT bench...
DP World to acquire 60% of Korea’s UNICO Logistics
Dubai-based global ports operator DP World has agreed to acquire a 60% stake in South Korea-based UNICO Logistics Co, DP World said in a statement on Monday. The transaction, subject to regulatory clearance, is expected...
CCI approves acquisition of Krishnapatnam Port Co by Adani Ports and Special Economic Zone
Fair trade regulator CCI on Wednesday said it has given its nod to acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd. The proposed transaction involves acquisition of equity...
Chennai’s Marg group looks to sell Karaikal Port
Marg Ltd, an infrastructure company based out of Chennai, is looking to sell the Karaikal Port in Puducherry, two people aware of the matter told Mint. The company has appointed Ambit Pvt Ltd to run the sale process and...
Gauging impact of Fincantieri’s French deal to take time, says EU’s Vestager
Gauging the market impact of Italian shipyard Fincantieri’s bid for France’s Chantiers de l’Atlantique is proving difficult and is likely to take some time, the European Union’s antitrust chief Margrethe Vestager said...
Govt completes stake sale in Kamarajar Port for Rs 2,383 crore
The government completed strategic sale of Kamarajar Port Ltd to Chennai Port Trust, it said in a statement Friday, where it sold 74.49% stake for Rs 2,383 crore. The announcement followed strategic sale of state owned...
NCLT approves Cochin Shipyard’s resolution plan for Tebma Shipyards
The Chennai Bench of National Company Law Tribunal (NCLT) has approved the resolution plan of Cochin Shipyard (CSL) for Chennai-based shipbuilding firm Tebma Shipyards (TSL) under Corporate Insolvency Resolution Process...
Shipping group Maersk to buy U.S. warehousing and distribution firm
Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics solutions. Maersk said the...
Ahmedabad NCLT directs PNB to approach the Mumbai bench in Essar Shipping case
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Punjab National Bank (PNB) to approach the Mumbai bench against Essar Shipping as the lender has already initiated insolvency proceedings...
Cochin Shipyard acquires 100% stake in two dry docks of West Bengal
Cochin Shipyard Limited (CSL) has taken 100 per cent stake in an SPV which it formed along with Hooghly Dock and Port Engineers Limited for modernisation and renovation of the two dry docks on western bank of the...
APSEZ has sufficient financial headroom to absorb proposed buyout in Krishnapatnam Port: S&P
Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said. “APSEZ’s strong...
