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...
Adani Ports and SEZ completes acquisition of KPCL for Rs 12,000 cr
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...
