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JSW Infra acquires SP Group's stake in PNP port in Raigad
Hindustan Times
|December 05, 2023
JSW Infrastructure, part of the JSW Group, on Monday said it acquired majority stake (50% plus one share) in PNP Maritime Services (PNP Port) in Maharashtra's Raigad through its subsidiary, JSW Dharamtar Port. The company entered into a share-purchase agreement with SP Port Maintenance, a Shapoorji Pallonji Group company, to acquire its holdings in the strategic port.
 
 The rest of the equity in the port will remain with the Nrupal Patil family, a company executive said on the condition of anonymity.
According to a company statement released on Monday, JSW acquired 10,00,001 shares from SP Port Maintenance, setting a 15-day deadline to complete the acquisition. However, the transaction is subject to the completion of conditions outlined in the agreement.
Cette histoire est tirée de l'édition December 05, 2023 de Hindustan Times.
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