Private equity-backed Gujarat Pipavav Port makes strong debut onto Indian stock exchange
Gujarat Pipavav Port Ltd., a container terminal backed by PE firms including IDFC, made a strong debut on India's National Stock Exchange, trading at a 22% premium at INR56.1 ($1.21) from its INR46 ($.99) issue price.
Pipavav Port has been backed by PE players the IDFC Infrastructure Fund, Jacob Ballas, IL&FS Trust and Infrastructure Fund of India for the past five years. Last month the company additionally raised INR500...
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