New funds for Pipavav


Gujarat Pipavav Port Ltd (GPPL) on India’s west coast has raised Rs3.5B (USS63.3M) through a Qualified Institutions Placement (QIP) and a preferential issue to its promoter, APM Terminals Mauritius Ltd. The latter’s shareholding in GPPL is maintained at 43.01% post the QIP and the preferential issuance.

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