DP World’s deal with Shreyas Shipping grounded in minority shareholder concerns

A Shreyas Shipping spokesperson rubbished claims of the minority shareholders in an emailed response to ET, terming them as “baseless” and “unfounded allegations”.

Synopsis
The shareholders have asked for a reversal of the transactions in representations made to Shreyas’s independent directors citing corporate governance violations, according to people in the know.

New Delhi: Global ports operator DP World has run into trouble with minority shareholders of Shreyas Shipping in India as they have objected to transactions involving DP World’s purchase of the company’s cargo and logistics businesses.The shareholders have asked for a reversal of the transactions in representations made to Shreyas’s independent directors citing corporate governance violations, according to people in the know.The minority

Mohit Bhalla

ETMarkets.com

6 mins read

Oct 27, 2020, 07:51 PM IST

Share This Article

GIFT ARTICLE
FONT SIZE
AbcSmall
AbcMedium
AbcLarge
SAVE
COMMENT

To Read the Full Story, Become an ET Prime Member

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Access the exclusive Economic Times stories, Editorial and Expert opinion

Why ?

Sharp Insight-rich, Indepth stories across 20+ sectors
Access the exclusive Economic Times stories, Editorial and Expert opinion
Clean experience with
Minimal Ads
Comment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise