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Tata Steel to acquire about 7% stake in Subarnarekha Port-The 19th China (Guangzhou)Int’l Fastener & Equipment Exhibition
4/13/2018 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Tata Steel has entered into a definitive agreement to subscribe to additional 4.19% equity share of Subarnarekha Port for consideration of INR 10 crore. Following such subscription, Tata Steel shall hold an aggregate 7.06% of the equity share capital of Subarnarekha Port. The transaction is expected to be completed in one month.
Incorporated in 2008, SPPL is jointly promoted by Ramani Ramaswamy and Ramaswamy Rangarajan and is yet to commence operations. CPDP had entered into a 34 year concession agreement with government of Odisha to develop and operate the Subarnarekha port as an all-weather deep draft facility.
Announcing the deal in January 2017, Tata Steel had said the investment to develop the Subarnarekha Port will address the strategic needs of the company in the future.
緊固件展-2018第十九屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 19th China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2018 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2018 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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