Mercantile Ports and Logistics (MPL) has conditionally raised gross funds of £10.1m through an institutional placement and will be supported by the major shareholder, Hunch Ventures. Equity raised will be used to service new and existing contracts/business development and strengthen the balance sheet. In addition to the placing, Hunch Ventures has provided an unsecured loan facility of £4.4m. MPL's port is well positioned to benefit from the positive economic outlook in India due to its offering ....
