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...
Warburg Pincus to invest in Adani Ports
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...
