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 aware of the development.
“It should take 4-6 months for the deal to close,” said the source.
Kamarajar Port Limited is an unlisted public sector company under the Ministry of Shipping with 67 per cent shareholding held by the Government of India and balance 33 per cent held by Chennai Port Trust. The turnover of the company in 2018-19 (upto 31st December 2018) was Rs 541.83 crore, while net worth of the company is pegged at Rs 2,163.65 crore.