Fitch Ratings pointed out that nearly 50% of APSEZ's cargo is considered sticky.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
In conversation with Sheetal Agarwal of IIFL, the Founder of the company outlines his growth strategy, macro opportunities and fund-raising plans.
The company will use net proceeds from the IPO to fund the working capital requirements and for other general corporate purposes.
Wipro will provide air cargo management services solution to Menzies.
This open-ended fund will invest predominantly in AA+ and above rated corporate bonds with a relatively high interest rate risk and moderate credit risk.