Adani Ports and Special Economic Zone and a Vedanta group entity have submitted binding financial bids for Karaikal Port on September 30 at the close of the bidding deadline, according to people briefed on the matter...
Welspun Corp wins bid for ABG’s Shipyards
Welspun Corp has emerged as the winning bidder of the shipyard of distressed borrower ABG Shipyard at an auction for a consideration of ₹659 crore. Welspun Corp and its subsidiary Nauyaan Shipyard would acquire the ABG...
Maersk agrees to sell stake in Russian port operator
A.P. Moller-Maersk said it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia’s largest container operator Delo Group, which also owns a 30.75% stake in the firm. After...
Adani Logistics to buy Navkar’s inland container depot in Gujarat for ₹835 cr
Adani Logistics Ltd (ALL), a unit of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire an inland container depot (ICD) from Navkar Corporation Ltd for an...
Vedanta, Adani, JSW Infra, submit EOIs for Karaikal Port
Vedanta, Adani Ports and Special Economic Zone, JSW Infrastructure, Jindal Power and a consortium of RKG Fund and Sagacious Capital have submitted expressions of interest to participate in the upcoming auction of...
Israel sells Haifa Port to India’s Adani Ports, Israel’s Gadot for $1.2 bln
Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18...
Global Ports terminates sale talks with shipping firm MSC
Global Ports Holding Plc said it had terminated talks with Swiss-based MSC Mediterranean Shipping Company which had approached the world’s largest cruise port operator to acquire it, adding it was confident about...
London-listed Global Ports confirms takeover approach from shipping firm MSC
Global Ports Holding PLC, the world’s largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from a Swiss-based MSC Mediterranean Shipping Company. Shares of the...
Govt weighs up to 10% stake sale in Mazagon Dock Shipbuilders
The government is planning to sell up to 10% stake in Mazagon Dock Shipbuilders Ltd. A proposal to this effect may soon be put in place, said a government official. The government holds 84.83% in the firm. At current...
Vedanta outbids JSPL for Athena
Anil Agarwal-promoted Vedanta has emerged as the highest bidder for bankrupt Athena Chhattisgarh Power Ltd, outbidding Naveen Jindal’s Jindal Steel & Power Ltd (JSPL) in an auction process that ran for 28...
Govt to invite financial bids for SCI sale by Sept; Shipping House, MTI to be hived off
The government is likely to invite financial bids for Shipping Corporation of India by September after the process of demerger of non-core assets is completed, an official said. As part of the strategic-sale process...
Karaikal Port admitted for insolvency, Adani Ports & SEZ frontrunner
The Chennai bankruptcy court on Thursday admitted Karaikal Port for insolvency proceedings after it defaulted on payment of about Rs 2,400 crore dues to a lender. Adani Ports and Special Economic Zone (APSEZ) is the...
