India: Mercator aims to hive off dredging business, raise up to $200m

India: Mercator aims to hive off dredging business, raise up to $200m

Photo: Livemint

Mercator Ltd is planning to carve out its dredging operations into a separate unit and plans to raise as much as $200 million from financial and strategic investors for that business, two people aware of the matter said.

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