AsiaMiddle EastPorts and Logistics

DP World to set up Indian holding company with IPO in mind

Photo of Sam Chambers Sam ChambersMarch 11, 2016
8 Less than a minute

Dubai terminal operator DP World has been allowed by New Delhi to open an Indian holding company for its portfolio of Indian interests, a move that could lead to a spin off local IPO.

The new company will take over all liabilities of the existing subsidiaries of DP World in relation to the concession agreements. DP World is currently the biggest foreign port operator in India, having invested around $1.2bn to date across six terminals.

The new Indian holding company, Hindustan Ports Pvt Ltd (HPPL), will look to list in Mumbai, local media reported.

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Photo of Sam Chambers Sam ChambersMarch 11, 2016
8 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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