Mercantile Ports & Logistics falls after co reiterates legal action over subsidiary
21/04/2026 09:40
** Shares of port & logistics infrastructure operator Mercantile Ports & Logistics MPL.L down 65% at 0.73p ** Co continues to pursue legal remedies to regain control of Karanja Terminal & Logistics Pvt. Ltd. (KTPL), its wholly owned operating subsidiary ** Remains committed to repaying debt in full, with no loss to creditors ** MPL says KTPL has never been insolvent and remains revenue generating ** MPL up ~500% this year, as of last close (Reporting by Megha Kumari in Bengaluru) ((Megha.Kumari@thomsonreuters.com;))