Dubai-Mubasher: Dubai-based DP World plans to list its new Indian holding company Hindustan Ports Pvt. Ltd (HPPL) through an initial public offering (IPO), reported Indian Mint news website.
Negotiations between DP World and the Indian government entered final stages after the Union cabinet said it had “no objection” to the proposed change in shareholding of the container terminals run by the Dubai government-owned company.
DP World invested around $1.2 billion across its six port terminals in India.
The terminals have a combined market share of about 30% of the Indian ports during 2014-15.
