Saturday, April 3, 2010

CRISIL assigns grade 4/5 to Gujarat Pipavav Port IPO

CRISIL Research has assigned a CRISIL IPO grade of 4/5 to the proposed initial
public offer (IPO) of Gujarat Pipavav Port (GPPL), According to report, "This
grade indicates that the fundamentals of the IPO are above average relative to
the other listed equity securities in India. The grade reflects APM Terminals
Pipavav's strategic location in terms of proximity to the landlocked north and
north-western regions, which account for 65% of the container cargo traffic in
India.

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