Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest ₹800 crore in India’s largest private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49% stake in...
Foresight Group eyeing Shipping Corporation of India for its LNG business
In a bid to help strengthen the country’s gas infrastructure, London-based shipping firm Foresight Group is eyeing Shipping Corporation of India (SCI), to make it a leading liquefied natural gas (LNG) carrier in the...
Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore
Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore. Adani Ports is also...
Shipping Corporation of India selloff: Safesea, JM Baxi submit expressions of interest
US-based Safesea Group and Bain Capital-backed ship operator JM Baxi & Co have submitted expressions of interest (EoIs) to participate in the privatisation process of Shipping Corporation of India, setting up a...
Adani Ports completes acquisition of Dighi Port Ltd for Rs 705 crore
Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of Dighi Port Limited (DPL) for Rs 705 crore on February 15, 2021. The company had intimated the commencement of this development to stock...
Shipping Corp disinvestment: Govt extends bid submission deadline to 1 March
The central government on Friday extended the deadline to submit the preliminary bids to buy Shipping Corp of India to 1 March. In December, 2020, the Department of Investment and Public Asset Management (DIPAM) had...
Seaways Shipping inks pact with MOL Logistics for supply chain, turnkey logistics services
Hyderabad-based Seaways’ group flagship Seaways Shipping and Logistics on Monday said it has entered into a pact with the MOL Logistics (India) for providing end-to-end supply chain and turnkey logistics services...
Govt invites preliminary bids to sell 63.75% stake in Shipping Corp of India
The government on Tuesday invited expressions of interest for strategic disinvestment of its 63.75 per cent stake in Shipping Corp of India along with the transfer of management control. The Department of Investment and...
Govt may invite EoIs for Shipping Corporation sale this week
The government is likely to invite bids for privatising Shipping Corporation of India this week and buyers will have time till mid-February to submit EoIs, an official said. The government is planning to sell its entire...
JSW Infra completes acquisition of Chettinad Group’s port biz for Rs 1K cr
JSW Infrastructure has completed the acquisition of Chettinad Group’s port business for around Rs 1,000 crore. This acquisition allows JSW Infrastructure ownership and operational control of a deep draft international...
Adani leads race for Colombo port
Adani Ports and Special Economic Zone Ltd (APSEZ) is leading the race to develop Sri Lanka’s stalled East Container Terminal at Colombo port, in what would be the second overseas venture for India’s largest private port...
Adani Ports SEZ completes acquisition of Krishnapatnam port for ₹12,000 crore
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, has completed the acquisition of Krishnapatnam Port Co. Ltd (KPCL) for an enterprise value of ₹12,000 crore, nearly 13% lower...
