Dinesh Narayanan
Amit Mitra
Mumbai , July 4
PORT of Singapore Authority (PSA) is likely to exit from Gujarat Pipavav Port Ltd (GPPL) by selling out its 20 per cent ownership to Maersk, a fellow shareholder here but bitter rival elsewhere.
According to a source, Maersk India is planning to buy out the original promoters Sea King Infrastructure Ltd's 16 per cent stake as well as Port of Singapore Authority's 20 per cent ownership in the company that operates the port and container terminal on the Saurashtra coast at about Rs 40 per share
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