TMI BlogCabinet gives ‘In Principle’ approval for strategic disinvestment of 100% GoI’s equity shares in Kamarajar Port Limited to Chennai Port Trust in a single process through strategic saleX X X X Extracts X X X X X X X X Extracts X X X X ..... Cabinet gives ‘In Principle’ approval for strategic disinvestment of 100% GoI’s equity shares in Kamarajar Port Limited to Chennai Port Trust in a single process through strategic sale - News and Press Release Dated:- 1-3-2019 - News - The Cabinet Committee on Economic Affairs chaired by the Prime Minister has given 'in principle' approval for strategic disinvestment of 100% equity share ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of Government of India in Kamarajar Port Limited (KPL) to Chennai Port Trust (ChPT) in a single stage process, by following Arm s length principles. Presently, the Government of India and Chennai Port Trust hold 67% and 33% of shares respectively in Kamarajar Port Limited. The methods of valuation, to be used shall include discounted cash flow, assets valuation and relative valuation as r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecommended by NITI Aayog. This would help to avoid duplication of capacity creation in the ports. Better human resource management in between the two ports will increase the efficiency of both Ports. The strategic disinvestment of KPL shall be undertaken after conducting due diligence exercise by both the entities with the help of Advisors to be appointed for the transaction. The approval ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is in the backdrop that ChPT and KPL will be able to evolve a clear policy on focus areas by devising optimum business strategy and defining dedicated cargo profile. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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