Karaikal Port

Shapoorji's proposed takeover of Karaikal Port called off: Srcs

The Shapoorji Pallonji Group's proposed takeover of Karaikal Port, a unit of Chennai-based infrastructure group MARG, has been called off, reports CNBC-TV18.

Shapoorji plans to buy stake in Karaikal port hit a snag

Shapoorji Pallonji‘s plans to buy a stake in Karaikal port in Puducherry has hit a bump, reports Mint. The newspaper learns the reason for this stalemate could be because the promoters of the port, Chennai-based MARG Group, don‘t want to let go of their management control.

Marg jumps 20%, Shapoorji group to pick up stake in co's arm

Marg shares are locked at 20 percent upper circuit at Rs 10.69 on Wednesday after a media report suggested that Shapoorji Pallonji group may pick up 51 percent stake in company's subsidiary. There were pending buy orders of 221,607 shares, with no sellers available at 13:07 hours IST.

Slippages will be less in Q1, FY14: United Bank CMD

United Bank of India put up a poor show in its Q4 earnings. Thanks to the rise in bad loans. However, the bank CMD Archana Bhargava is confident of bringing stress assets down in the coming quarters.

StanChart PE invests Rs 130cr in Marg Karaikal Port

Karaikal Port, a subsidiary of Chennai-based infra firm Marg, today said Standard Chartered Private Equity has pumped in Rs 130 crore into the upcoming port project, which will give the PE firm a board position.

PE fund Jacob Ballas to buy stake in Karaikal Port: Sources

CNBC-TV18's Harish Rao reports, quoting sources, that PE (private equity) fund Jacob Ballas has closed a deal to buy stake in Karaikal Port, a 100% subsidiary of Marg Limited.

PE fund to buy stake in Marg subsidiary; stk up

PE fund Jacob Ballas will buy stake in Margs' Karaikal Port, reports CNBC-TV18.