Acquisition History / JSW Infrastructure Ltd / Navkar Corporation Ltd (70.37%)
JSW Infrastructure Ltd Acquires Navkar Corporation Ltd (70.37%)
Announced June 27, 2024 — $114.4M
What happened
JSW Infrastructure, India's second largest private commercial port operator, acquired a 70.37% stake in BSE-listed logistics firm Navkar Corporation for Rs 1,012 crore. A mandatory open offer under the SEBI takeover code added a further Rs 412.17 crore. JM Financial advised JSW.
- Acquirer
- JSW Infrastructure Ltd
- Target
- Navkar Corporation Ltd (70.37%)
- Announced
- June 27, 2024
- Price
- $114.4M
- Industry
- Container logistics / inland container depots
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did JSW Infrastructure Ltd acquire Navkar Corporation Ltd (70.37%)?
JSW Infrastructure Ltd acquired Navkar Corporation Ltd (70.37%) on June 27, 2024. This was JSW Infrastructure Ltd's 1st publicly tracked acquisition out of 2 we have on record.
How much did JSW Infrastructure Ltd pay for Navkar Corporation Ltd (70.37%)?
JSW Infrastructure Ltd paid $114.4M for Navkar Corporation Ltd (70.37%).
What does Navkar Corporation Ltd (70.37%) do?
JSW Infrastructure, India's second largest private commercial port operator, acquired a 70.37% stake in BSE-listed logistics firm Navkar Corporation for Rs 1,012 crore. A mandatory open offer under the SEBI takeover code added a further Rs 412.17 crore. JM Financial advised JSW.
What other Container logistics / inland container depots companies has JSW Infrastructure Ltd acquired?
Navkar Corporation Ltd (70.37%) is JSW Infrastructure Ltd's only publicly tracked acquisition in Container logistics / inland container depots so far.