Logistics company GatiNSE -9.41 % is in the final round of talks with TVS Logistics to sell a controlling stake in its joint venture subsidiary, Gati-Kintetsu Express, for Rs 1,500-2,000 crore, said two people aware of...
Adani, JNPT likely to bid for acquiring bankrupt Dighi Port
Adani Ports, India’s largest private sector port operator, and Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai are likely to bid for Dighi Port, which was declared bankrupt by the National Company Law Tribunal (NCLT)...
France’s CMA CGM made merger approach to Germany’s Hapag-Lloyd – sources
The world’s no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd (HLAG.DE) over a possible merger as players in the sector hunt for tie-ups to beat depressed...
Temasek Holdings acquires stake worth Rs 10 billion in Adani Ports, SEZ
Singapore-based investment company Temasek Holdings has acquired stake worth Rs 10 billion in Adani Ports and Special Economic Zone through open market transactions, block deal data available with BSE showed...
Adani Ports Completes Acquisition of Kattupalli Port
Adani Ports and Special Economic Zone Ltd, (APSEZ) Friday announced that it has executed a share purchase agreement with Larsen and ToubroNSE 1.54 % Limited to 97% shares of the Kattupalli Port, Tamil Nadu. Kattupalli...
Govt weighs plan to acquire stressed private port assets
The Union shipping ministry is considering potential acquisitions of stressed private port assets to enhance the country’s port capacity, starting with two ports in Maharashtra. The move, the first such from the...
JSW defers plans to tap PE fund for ports expansion
The Sajjan Jindal-led JSW group has deferred a private equity infusion into its ports arm as the deal to acquire APM Terminals’ stake in the Pipavav Port in Gujarat has been delayed, top officials have said. JSW Ports...
ABG Shipyard heading for liquidation
Banks, led by State Bank of IndiaNSE 0.19 %, are set to reject the offer made by Liberty House for ABG ShipyardNSE -4.43 % on grounds that there’s no upfront payment of cash, and that the bid itself is too low, said two...
Even after 4th round, Liberty is lone bidder for ABG Shipyard
Liberty House, the UK based metals group, has once again emerged as the only bidder for ABG ShipyardNSE 1.94 % which is into the fourth round of bidding, said people familiar with the matter. The company has paid off...
Fresh bids invited for ABG Shipyard under IBC
Fresh bids have been invited for debt-ridden ABG Shipyard under the Insolvency and Bankruptcy Code (IBC) after lenders rejected an earlier resolution plan, according to a public notice. ABG Shipyard is undergoing...
$400-million enterprise valuation: DP World and NIIF to buy Continental Warehousing
Dubai’s port operator DP World along with the National Investment and Infrastructure Fund (NIIF) is buying Continental Warehousing Corp (Nhava Sheva), one of the largest companies in the logistics sector in India, for...
Liberty House’s bid for ABG rejected
Lenders, led by ICICI Bank, have rejected the only bid they received, from Liberty House, for ABG ShipyardBSE -0.33 %, prompting the resolution professional to opt for yet another round of bidding, said a person...