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...
Shipping group Maersk to buy U.S. warehousing and distribution firm
Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics solutions. Maersk said the...
Ahmedabad NCLT directs PNB to approach the Mumbai bench in Essar Shipping case
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Punjab National Bank (PNB) to approach the Mumbai bench against Essar Shipping as the lender has already initiated insolvency proceedings...
Cochin Shipyard acquires 100% stake in two dry docks of West Bengal
Cochin Shipyard Limited (CSL) has taken 100 per cent stake in an SPV which it formed along with Hooghly Dock and Port Engineers Limited for modernisation and renovation of the two dry docks on western bank of the...
APSEZ has sufficient financial headroom to absorb proposed buyout in Krishnapatnam Port: S&P
Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said. “APSEZ’s strong...
Adani Ports to acquire 75% stake in Krishnapatnam Port Company
Adani Ports and Special Economic Zone on Friday announced its decision to acquire a controlling stake in Krishnapatnam Port Company Limited (KPCL) in what would be the largest acquisition in the port sector in India...
Adani Unit to Buy Majority Stake in Snowman Logistics
Adani Logistics, a wholly-owned subsidiary of Adani Ports on Friday announced its plans to acquire cold-chain operator Snowman Logistics with the latter’s promoter Gateway Distriparks Ltd making a complete exit. The...
Allcargo’s European arm buys logistics firms in HK, Singapore
ECU Worldwide, the European subsidiary of Mumbai-headquartered logistics firm Allcargo Logistics, has acquired majority stakes in Hong Kong-based PAK DA (HK) Logistics and Singapore-based Spechem Supply Chain Management...
