Gujarat Pipavav Port Limited (GPPL), promoted by APM Terminals B. V. (the ports and terminals company of the AP Moller-Maersk group) with its subsidiaries APM Terminals Mauritius Holding Limited and APM Terminals Mauritius Limited, will tap the capital market on August 23 with a public issue of equity shares of Rs. 10 each for cash at a price band of Rs.42-48 per share aggregating Rs.500 crore ('fresh issue') and an offer for sale of up to 117.07 lakh equity shares by the Infrastructure Fund of India, LLC, and the India Infrastructure Fund, LLC (the “selling shareholders”) together with the fresh issue (the “issue”).
The issue includes reservation of equity shares of Rs.10 each aggregating Rs.10 crore for eligible employees. The bid/issue period will close on August 25 for QIBs other than anchor investors and on August 26 for non-institutional bidders, retail individual bidders and eligible employees.
Keywords: Gujarat Pipavav Port Limited