February 24, 2018 7:40 PM ET

Transportation Infrastructure

Company Overview of Ocean Sparkle Limited

Company Overview

Ocean Sparkle Limited operates as a port operations and marine services company in India. It offers port operations and management solutions, including harbor towage operations by providing harbor crafts, such as tug boats, pilot boats, mooring boats, etc; technical management of harbor crafts; pilotage services; ship traffic and communications-control tower operations; mooring services; maintenance of navigational aids and buoys; oil spill response services; and preparation of manuals, including port operation manuals, disaster management plans, etc. The company also engages in ship to ship operations/FPSO/SBM operations, such as provisioning pull back tugs, line handling boats, mooring gan...

Plot No. 128

1st Floor

Srinagar Colony

Hyderabad,  500 073

India

Founded in 1995

Phone:

91 40 2374 1138

Fax:

91 40 2374 8752

Key Executives for Ocean Sparkle Limited

Chairman and Managing Director
Joint Managing Director and Director
Chief Financial Officer
Chief Security Officer and General Manager
Compensation as of Fiscal Year 2017.

Ocean Sparkle Limited Key Developments

MNC Port Services Majors Eyeing Stake in Ocean Sparkle

Svitzer A/s, Kawasaki Kisen Kaisha Ltd. (TSE:9107) and Qube Holdings Limited (ASX:QUB) are in talks to acquire a controlling stake in Ocean Sparkle limited, in a deal valuing the Indian shipping firm about $450-500 million.

Promoters And Investors Ocean Sparkle Reportedly Looking To Sell Their Stake

The promoters and investors of Ocean Sparkle Limited, including International Finance Corporation (IFC) and Standard Chartered Private Equity Limited are looking to sell up to 74% stake to a strategic investor and are in the process of appointing investment bankers for the purpose, Economic Times reported citing three people directly involved in the process. Standard Chartered Private Equity and IFC together hold 53% stake in Ocean Sparkle. "The promoters and investors have decided to bring in a strategic partner who will own a majority stake in the company. The company has invited pitches from investment banks in March and will appoint a bank soon, an investment banker with knowledge of plans said.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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