HomeNews News SREI Infra buys promoter stake in Rs.4,060 Crores Port in Gujarat SREI Infra buys promoter stake in Rs.4,060 Crores Port in Gujarat

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SREI Infra buys promoter stake in Rs.4,060 Crores Port in Gujarat

SREI Infra buys promoter stake in Rs.4,060 Crores Port in Gujarat

Monday, March 6, 2017, 2:31 PM

SREI Infra is planning to acquire the Sandesara Group's stake in the Rs 4,060-crore port being developed in Dahej, Gujarat, as part of efforts to recover its loan, said DK Vyas, the company's Chief Executive Officer. Sterling Port promoters hold close to 74 percent equity in the port project, with the remaining stake held by Sterling Biotech, the group’s flagship company.
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