niftify.in

The Economic Times

JSW seeks ₹1,000 cr loan for Navkar buy

JSW Infrastructure plans to borrow ₹1,000 crore to acquire a 70.37% stake in Navkar Corporation and is in talks with lenders like Axis Bank. The company also approved a capex of ₹2,359 crore for expanding its Jaigarh and Dharamtar Ports. The acquisition deal is expected to close by the third quarter of FY25.

Mint

Navkar Corporation Q1 results : loss at ₹13.07Cr, Revenue increased by 11.47% YoY

Navkar Corporation Q1 results : Revenue increased by 11.47% YoY & loss at ₹13.07Cr

Business Line

JSW Infrastructure to buy 70.3% stake in Navkar Corp

Acquisition will help company foray into the logistic sector

The Economic Times

JSW Infrastructure seals deal; to buy Navkar Corporation

JSW Infra has finalized an agreement to purchase all shares held by the promoters of Mumbai's Navkar Corporation, which operates in the container handling sector, according to a disclosure to the stock exchange. Navkar Corporation offers a range of complementary products to the ports owned and managed by the Sajjan Jindal-group company. JSW Infra will pay Rs. 1,013 crore in cash for the stake acquired from Navkar Corporation's promoters.