Industry Newsroom

Marg Karaikal Port Attracts Equity Investment of US$39 Million (Asia)

Karaikal Port Private Limited, a subsidiary of Chennai-headquartered infrastructure company MARG Limited, has announced that Jacob Ballas Capital India has invested INR2 billion (approximately US$39 million) for a minority stake in the company. The investment, which came from the NYLIM Jacob Ballas India III fund, will be used for the MARG Karaikal Port’s expansion plans.