Live Breaking News & Updates on India Infrastructure Development Company Pvt Ltd

January 17, 2021
A file picture of Kakinada Port×
For Aurobindo Pharma promoters, this is the second port investment in four months.
Hyderabad-based Aurobindo Realty and Infrastructure Pvt Ltd will acquire a 41.12% stake in Kakinada Seaports Ltd, the second port investment in four months by the real estate and infrastructure venture formed by the promoters of Mumbai-listed Aurobindo Pharma Ltd.
Aurobindo Realty and Infrastructure will buy the stake from Kakinada Infrastructure Holdings Pvt Ltd, one of the original promoters of Kakinada Seaports, multiple sources said.
BusinessLine could not ascertain the value of the deal.
The acquisition will make Aurobindo Realty and Infrastructure the single largest shareholder in Kakinada Seaports. Other shareholders in the port operating company, includes VR Investments Pvt Ltd (30.40%), Konsortium Ports Pte Ltd (17.35%) and South India Infrastructure Development Company Pvt Ltd (11.13%). ....

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