Man Infra takes 26% stake in Paradip Port terminal SPV

Marquee Jv AnnouncedStrategic Transactions View source PDF

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AI summary

Man Infraconstruction has subscribed to 13 lakh equity shares (26%) in newly incorporated Yogayatan Paradip SQB Terminal Pvt Ltd for Rs 1.30 crore in cash. The SPV will design, build, operate and transfer a multipurpose berth terminal at Paradip Port, Odisha for handling dry bulk and break-bulk cargo on BOT basis. The entity is not a related party and the main line of business is port infrastructure.

Likely market impact

Strategic expansion into port infrastructure beyond real estate via BOT project, though investment size is small at Rs 1.30 crore.