Four major ports sign MoU to acquire stake in DCI

Four major port trusts – the Visakhapatnam Port Trust (VPT), JNPT, the Deendayal Port Trust (DPT) and the Paradip Port Trust (PPT) – have signed an MoU among themselves to acquire a 73.44 per cent stake in the Dredging Corporation of India (DCI). As per the MoU, VPT will acquire a 19.44 per cent stake in DCI, while JNPT, DPT and PPT will acquire the remaining 54 per cent stake (18 per cent each).