Adani Ports on Tuesday announced the approval of proposal of acquisition of 10.4% stake of Gangavaram Port (GPL) by the company from the Government of Andhra Pradesh. The consideration for proposed acquisition of 10.4%...
SEZ stake sale: GMR receives Rs 1,692 cr from Aurobindo Realty
GMR Infrastructure Limited on Friday said it received Rs 1,692 crore as first tranche of consideration towards the sale of equity owned by its subsidiary GMR SEZ and Port Holdings Limited of its entire 51 per cent stake...
Disinvestment process: Shipping Corp opens virtual data room for potential bidders
Disinvestment-bound Shipping Corporation of India on Monday said it has opened the virtual data room for potential bidders. The government is selling its entire 63.75 per cent stake in the company along with transfer of...
Safesea Group gets approval to bid for Shipping Corporation of India
The Safesea Group has received the green signal to bid for Shipping Corporation of India (SCI), and will be given access to the company’s confidential financial data along with other bidders on Monday. Intermediaries...
APSEZ gets CCI nod for 25% more stake purchase in Krishnapatnam port
The Competition Commission of India (CCI) on Tuesday gave nod to proposed acquisition of additional 25 per cent stake of Adani Krishnapatnam Port Ltd by Adani Ports and Special Economic Zone Ltd. The acquirer already...
Safesea, NRI-led group, Megha Engg shortlisted for Shipping Corp stake
US-based Safesea, Megha Engineering and Infrastructure and a consortium led by NRI businessman Ravi Mehrotra have been shortlisted as potential buyers for the government of India’s stake in Shipping Corporation of India...
Andhra decides to sell stake in Gangavaram Port to Adani for Rs 645 cr
Andhra Pradesh government has decided to sell its 10.4% stake in Gangavaram Port in favour of Adani Ports and Special Economic Zone (APSEZ) for around Rs 645 crore. The Cabinet meeting of the YS Jagan Mohan Reddy...
Adani Ports’ acquisition of 89.6% stake in Gangavaram Port gets CCI nod
The Competition Commission of India (CCI) on Tuesday approved the acquisition of an 89.6 per cent stake in Gangavaram Port Ltd by Adani Ports and Special Economic Zones Ltd. Adani Ports and Special Economic Zone (APSEZ)...
Adani Ports to acquire remaining 25% stake in Krishnapatnam Port
Adani Ports y has signed an agreement with Vishwa Samudra Holdings Pvt. Ltd., to acquire 25% stake of Adani Krishnapatnam Port Limited (Krishnapatnam Port) for consideration of ₹2,800 crore, the company said in an...
Adani Ports and SEZ to finalise purchase of promoter’s stake in Gangavaram Port today
Adani Ports and SEZ will Monday finalize the purchase of an additional 58.1% or the entire promoter’s stake in Gangavaram Port, said a person close to the know. That will increase its stake to 89.11% in the port. The...
SCI fully geared for strategic sale of 63.75% govt stake: CMD
“We are fully geared for the entire disinvestment process. There are no hang-ups and holdups from our side,” says HK Joshi, CMD. A year ago it appeared that the world was collapsing, crude prices had fallen...
Vedanta, Meil, Great Eastern, others vie for Shipping Corp
Vedanta Resources Ltd, Megha Engineering and Infrastructure Ltd (Meil), and Great Eastern Shipping have submitted expressions of interest (EoIs) for buying out the government’s 63.75% stake in Shipping Corp. of...
