Profit

Mundra Port IPO brews trouble

PUBLISHED ON: November 3, 2007 | Duration: 2 min, 17 sec

  
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Adanis want the latest public offering from their stable to be a big hit. But now with their own partners raising the red flag, the Mundra Port IPO seems to be in choppy waters.For now the issue relates to the five-years-old tie up with Peninsular and Oriental Steam Navigation Company for their container terminal business, which was then bought over by container firm Dubai Port (DP) World.
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