The Government has appointed RBSA Advisors as transaction advisor for disinvestment of Kamarjar Port Ltd in Ennore to Chennai Port Trust (ChPT).

The Government has ‘in-principle’ decided strategic disinvestment of 100 per cent GoI equity in KPL to ChPT in a single-stage process by following ‘Arms Length’ principles, says a release from RBSA, a global independent Valuation, Investment Banking, Restructuring & Advisory firm.

The GoI proposed to engage transaction advisor from a reputed professional consulting firm, investment bankers, merchant bankers, financial institutions, banks, etc. for providing advisory services and managing the disinvestment process.

The expected deal size is in the range of ₹4,000-5,000 crore, the release said.

KPL is an unlisted public sector company under the administrative control of Ministry of Shipping with 67 pet cent shareholding held by the government and rest 33 per cent shareholding held by ChPT.

The turnover of the company in the financial year 2018-19 (up to December 31, 2018) is ₹541.83 crore The networth of the company as on December 31, 2018 is ₹2,163.65 crore, the release said.

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