Maharashtra Maritime Board may acquire 26 per cent stake in proposed Vadhavan major port

The Maharashtra Maritime Board is expected to acquire an equity stake of at least 26 per cent in the proposed major port at Vadhavan, near Dahanu, in Maharashtra. The port will be developed on the landlord model and is estimated to entail an investment of Rs 655.45 billion. A special purpose vehicle will be incorporated for implementing the new port project, with JNPT as the lead partner with equity participation equal to or more than 50 per cent.