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Construction : Deals | January 2014 | Source : Construction Update

Port Sector: Merger and acquisition in the offing during 2014

As reported earlier, Adani Ports and Special Economic Zone Ltd (APSEZ) is eyeing acquisition of Dhamra port located in Orissa for Rs 5,000 crore. Dhamra port is a JV between L&T and Tata Steel. It is learnt from news reports, that the Krishnapatnam port is in talks with Private Equity players to sell 6-10 percent stake amounting to approximately Rs 1,200 crore. TPG Capital India seems to be eyeing a majority stake in the Puducherry Karaikal port for more than Rs 1,000 crore.
 
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