Govt to sell 100% stake in Kamarajar Port to Chennai Port for over Rs 4k cr

The deal is expected to be closed in 4-6 months

The government has "in-principle" decided upon a strategic disinvestment of 100 per cent equity in Kamarajar Port Limited to Chennai Port Trust in a single-stage process by following ‘arms length’ principles. 

The deal size is expected to be in the range of Rs 4,000-5,000 crores.

In the four years, Kamarajar Port grew at 11 per cent -- from 27.34 million tonnes in 2013-14 to 30.45 million tonnes in 2017-18. 

RBSA Advisors has been appointed the transaction advisor to the Government of India on this disinvestment. KPMG, ICICI Securities and PricewaterhouseCoopers were the other bidders in the fray, said a source