CCEA approves government disinvestment in Kamarajar Port to Chennai Port

The CCEA has granted in-principle approval for the strategic disinvestment of 100 per cent equity shares of the government in Kamarajar Port Limited (KPL) to the Chennai Port Trust (ChPT). The disinvestment will be carried out in a single-stage process by following arm’s length principles. Currently, the central government and ChPT hold 67 per cent and 33 per cent stake, respectively, in KPL. As per NITI Aayog’s recommendations, the discounted cash flow, assets valuation and relative valuation methods will be used for valuation.

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