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JSW Infra leading bidder for APMT stake in Gujarat Pipavav port
THE Sajjan Jindal-led JSW Infrastructure has emerged as the leading bidder to acquire APM Terminals' 43.01 per cent stake in Gujarat Pipavav Port, according to sources close to the deal.
"JSW Infrastructure will be ready to pay a premium to acquire the stake in Gujarat Pipavav. This acquisition will help it in automatically being listed," a banking source told Delhi's Business Standard.
APM Terminals aims to exit Gujarat Pipavav, across the Gulf of Khambhat 500 nautical miles north of Mumbai, and has approached various players to purchase its stake.
"JSW Infrastructure will be ready to pay a premium to acquire the stake in Gujarat Pipavav. This acquisition will help it in automatically being listed," a banking source told Delhi's Business Standard.
APM Terminals aims to exit Gujarat Pipavav, across the Gulf of Khambhat 500 nautical miles north of Mumbai, and has approached various players to purchase its stake.
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