7 Mar 2008
G Ganapathy Subramaniam,
NEW DELHI: PSA of Singapore, one of the world’s largest container terminal operators, has sought permission from the government to invest Rs 240 crore ($60 million) in ABG Kandla Container Terminal which is owned by ABG Infralogistics.
The investment would be in the form of compulsorily convertible preference shares (CCPS) and the Singapore company would get around 49% stake in the terminal once CCPS are converted into equity.
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