The company had laid the groundwork for filing its draft red herring prospectus (DRHP) last year, but it remains unclear when it will be able to present its listing plan to the market regulator, the sources said.
A detailed questionnaire sent to the company didn't elicit any response.
Vir Kotak, a promoter of JM Baxi Group, recently sought intervention from the Bombay High Court in the acquisition of a stake in JM Baxi Ports & Logistics by German shipping giant Hapag-Lloyd.
This story is from the October 25, 2023 edition of Business Standard.
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This story is from the October 25, 2023 edition of Business Standard.
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