Kamarajar Port initiates plans for ₹1,200 crore IPO; issues RFP to hire domestic legal counsel
The selected legal counsel will manage end-to-end legal and secretarial due diligence, draft key offer documents
Kamarajar Port Ltd, India's first corporate major port in North Chennai, has announced plans for a ₹1,200 crore IPO and has issued an RFP to hire domestic legal counsel. The Offer for Sale (OFS) is currently pending board and shareholder approval. The selected legal counsel will handle various aspects of the IPO process, including legal and secretarial due diligence, drafting key documents, advising on regulatory filings, and drafting transaction-related agreements.
KPL, established in 1999, is one of India’s 12 major ports, functioning under the administrative control of the Ministry of Ports, Shipping and Waterways. The Indian government transferred 66.67 percent of KPL's shareholding to Chennai Port Authority in 2020, making KPL fully owned by Chennai Port Authority.
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