Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal Nehru Port Trust and Deendayal Port Trust have in principle agreed to acquire 100% of the Government of India’s shares in Dredging Corporation of India Limited for a 73.47% of total shareholding. “Four major ports sign MoU to buy government stake in DCI: To seek exemption from open offer,” reported Hindu Business Line.

HSA Advocates advised Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal Nehru Port Trust and Deendayal Port Trust led by a team of senior partner Anjan Dasgupta and partner Aninda Pal.

Link Legal India Law Services acted as legal advisor to the Government of India, led by partner Milind Jha, senior associate Kashish Arora and associate Pulkit Singh Rahangdale.

2018-11-01

Deal value: Confidential

{incomplete}