+91 22 24172311
Sections
Search
Subscribe
Equity
Venture Capital
Private Equity
M&A

Capital Market | 6 September 2013

Swiss Finance Buys Into Pipavav Port Through Bulk Deal

by Pranali Shah
 
@Pranali_Shah

Swiss Finance Corporation Limited has bought 26,99,232 shares of @Gujarat_Pipavav Ltd for a total of R11.87 Cr through open market transaction at R44 each on NSE.

Port Pipavav is managed and operated by APM Terminals, the ports and terminals company of the maritime giant, the A.P. Moller-Maersk Group.

Port Pipavav, a successful public-private enterprise, is emerging as an important gateway port on the West Coast of India for containers, bulk and liquid cargo. Located just 152 nautical miles from Nhava Sheva in Mumbai or 10 hours steaming time, Port Pipavav provides excellent access to the main shipping lines as well as to the cargo belt in the northwestern region of India.

With a 43.01% stake, APM Terminals is the largest shareholder in Port Pipavav. Port Pipavav went public in September 2010 and raised R500 Cr capital from the markets. Other key shareholders in Port Pipavav are: New York Life International India Fund (Mauritius) LLC, ICICI Prudential Mutual Fund, Matthews India Fund, Credit Suisse Ltd, Bajaj Allianz, Vanguard International, etc.

Last year, Gujarat Pipavav Port Limited witnessed a major bulk deal on NSE as Franklin Templeton Investment Funds and ICICI Prudential Mutual Fund together bought over 1.15 Cr shares and IDFC Infrastructure Fund sold 2 Cr shares of the company.

The net profit of Gujarat Pipavav Port for quarter ended March is R35.24 Cr.

Pipavav Port's Performance Chart on BSE:


Swiss Finance Corporation is an experienced and well-respected trading institution offering Spot FX, Option, Forwards, NDFs and precious metals since 1988.

Recently, Swiss Finance Corporation has acquired 55.3 lac shares of @Apollo_Tyres_Li for a total of R35.877 Cr through open market transaction hiking its stake by 1.097% to 2.49%.

Also, it acquired 2,99,999 shares of Tata Elxsi at R171 and had sold 24.5 lakh shares of private sector lender @Yes_Bank for R92.55 Cr.



Fortis Healthcare Raises Funds From StanChart PE

Fortis Healthcare has raised R37.7 Cr through a preferential allotment of 3.7 million shares to Standard Chartered Private Equity Mauritius III Ltd, BSE filing stated. With this, Fortis has cumulatively raised R1040 Cr this year through equity and equity-linked instruments.

Read More...

Blackstone May Invest In Pune's BlueRidge SEZ

Continuing its strategy of building a portfolio of rent-yielding commercial projects, Blackstone Group is in talks with IDFC and Paranjape Developers to acquire stake in two phases in the BlueRidge special economic zone (SEZ) in Pune’s Hinjewadi area for INR 10 Bn.

Read More...
CONTACT US
Info@DealCurry.com
+91 22 24172311
A 311, 3rd Floor, AntopHill Warehousing Company,
Near Dosti Acres
Wadala(E),
Mumbai 400037
   
 
CLIENTS
USEFUL LINKS
SOLUTIONS
Copyright © EagleEye Research & Media Pvt. Ltd. 2009 All Rights Reserved - Interactive multimedia analysis platform for financial markets.
Site map |Terms of Use |Privacy Policy
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.