July 05, 2008

PSA India invests in ABG Kandla Container Terminal

ABG Infralogistics Limited has informed BSE that pursuant to the letter dated February 5th 2008 ABG Infralogistics Ltd has informed that PSA India Pte Ltd has obtained the necessary regulatory approval to subscribe to the preference shares in ABG Kandla Container Terminal Ltd.

Accordingly, PSA India Pte Ltd has invested INR 240 Crore through 0.001% Compulsorily Convertible Preference Shares converting into 49% equity share holding on or after October 21st 2011 in compliance with the terms of License Agreement with Kandla Port Trust.