India’s Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of 100 per cent of the shares of Dighi Port (DPL) near Mumbai for INR7.05 ..
https://www.bairdmaritime.com/ship-world/port-world/adani-ports-acquires-dighi-port/
Dighi Port
Mundra Port targets more market share from JNPT with investment in Dighi
After overtaking Mumbai’s Jawaharlal Nehru Port Trust (JNPT) as India’s biggest container gateway. Adani-operated Mundra Port is eyeing more market share.
The country’s largest private terminal operator is taking aim via its latest acquisition – a $1.4bn redevelopment of Dighi Port in Maharashtra, just 123km south of Mumbai.
Mundra, in the north-west state of Gujarat, overtook JNPT in the first quarter of last year, when it handled 970,940 teu, compared with JNPT’s …
The post Mundra Port targets...
https://theloadstar.com/mundra-port-targets-more-market-share-from-jnpt-with-investment-in-dighi/
Balaji Infra submits offer to settle dues of Dighi Port lenders
Settlement plan includes payment of ₹660 crore to a consortium of 18 banks and ₹11.38 crores of statutory dues to the Maharashtra Maritime BoardBalaji Infra Projects Ltd, the majority promoter of Dighi Port Ltd, has submitted a proposal to a clutch of lenders to clear their dues after the National Company Law Appellate Tribunal (NCLAT) allowed time till August 21 for financial creditors to “consider” such a proposal before deciding on a batch of appeals filed by various parties in the...
https://container-news.com/balaji-infra-submits-offer-settle-dues-dighi-port-lenders/
NCLT to accept revised offers for Dighi Port
New twist comes after JNPT decides not to accept the modifications to its resolution plan ordered by NCLTThe Mumbai bench of the National Company Law tribunal (NCLT) has allowed Adani Ports and Special Economic Zone Ltd (APSEZ) and Gannon Dunkerley & Co Ltd to submit revised bids for debt-laden Dighi Port Ltd after state-run Jawaharlal Nehru Port Trust (JNPT) said it was not agreeable to the modifications suggested by the insolvency court to its lenders approved resolution plan.
On May 8, NCLT...
https://container-news.com/nclt-to-accept-revised-offers-for-dighi-port/
JNPT-Dighi Port deal in trouble
NCLT directs changes to the resolution plan submitted by JNPT
The National Company Law Tribunal (NCLT) order directing modification to the resolution plan submitted by Jawaharlal Nehru Port Trust (JNPT) for the debt-laden Dighi Port Ltd could spell trouble for the ₹853.28-crore deal that was approved by the lenders’ panel and ratified by the insolvency court in Mumbai on May 8.
The NCLT direction pertains to sub-lease deeds and sub-concession agreement signed between Dighi Port and the Veritas...
JNPT receives approval to buy Dighi Port
Deal marks the first purchase of a private firm by a govt-owned firm under IBC
Jawaharlal Nehru Port Trust (JNPT) has won approval from the National Company Law Tribunal (NCLT) to buy debt-laden Dighi Port Ltd for ₹853.3 crore in one of the cheapest deals in the port sector.
On May 8, the Mumbai Bench of the NCLT approved the resolution plan submitted by JNPT, India’s biggest container port, for Dighi Port, marking the first instance of a government-owned company. acquiring a private firm under...
https://container-news.com/jnpt-receives-approval-buy-dighi-port/
JNPT’s bid to buy Dighi Port approved
Dighi Port Ltd is promoted by Balaji Infra Projects Ltd and IL&FS Ltd
The Committee of Creditors (CoC) has backed the resolution plan placed by state-owned Jawaharlal Nehru Port Trust (JNPT) to buy the debt-laden Dighi Port Ltd under India’s bankruptcy and insolvency law.
The approval of the lenders panel will be submitted to the National Company Law Tribunal (NCLT) for ratification, at least two people briefed on the decision told BusinessLine.
Adani Ports and Special Economic Zone Ltd and a...
Dighi Port’s bidders asked to offer more
The Resolution Professional (RP) for Dighi Port Ltd has asked Adani Ports and Special Economic Zone Ltd, Jawaharlal Nehru Port Trust (JNPT) and Veritas Group to improve their financial bids for the debt-laden port company, which is facing insolvency proceedings under new bankruptcy law.
Port industry sources see this as an indication that the initial financial terms offered by the three bidding groups were below expectations.
The entity winning the bid, according to the document inviting...
http://container-news.com/dighi-port-bidders-improve-offers/
JNPT, APSEZ and Veritas fight for Dighi Port
India’s biggest container gateway, the Jawaharlal Nehru Port Trust (JNPT), and the country’s biggest private port developer, Adani Ports and Special Economic Zone Ltd (APSEZ), are competing for the first time to acquire a port project — the debt laden Dighi Port Ltd — which has been put up for sale under the bankruptcy law.
JNPT and APSEZ have submitted separate resolution plans for Dighi Port Ltd, the entity that runs a greenfield port located on the banks of Rajpuri creek in Maharashtra’s...