In one of the biggest acquisitions in logistics segment, Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer, today completed the acquisition of Krishnapatnam Port Company Ltd...
Govt aims to raise ₹444 crore via Mazagon Dock Shipbuilders stake sale
The government is launching its first initial public offer (IPO) for financial year 2021 by selling stake in Mazagon Dock Shipbuilders Limited. The government will sell 15.17% state to raise ₹444 core. With a price band...
Dubai’s DP World to partner with Israeli firm in bid for Haifa Port
Dubai’s DP World is partnering with an Israeli group to bid for one of Israel’s two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday. The announcement...
APM Terminals Pipavav’s board approves Rs 700 cr expansion plan
APM Terminals Pipavav’s (Gujarat Pipavav Port) board has approved its expansion plan of about Rs 700 crore, which includes improving facilities for handling bigger ships and raising the container capacity to 1.6...
Adani Ports SEZ raises $750 million through an offshore bond issue
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...
