India: Shapoorji in talks with promoters, PE investors for 51% stake in Karaikal port

India: Shapoorji in talks with promoters, PE investors for 51% stake in Karaikal port

Visual from Mint site.

Shapoorji Pallonji Group is in talks with the promoters and private equity (PE) investors of Karaikal Port Pvt. Ltd, a unit of Chennai-based realty and infrastructure group MARG, to acquire a 51% stake in the company for almost Rs 1,000 crore, three people familiar with the matter said.

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