Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 crore
NEW DELHI: Adani Ports and Special Economic Zone on Tuesday said it will acquire controlling interest in Gangavaram Port Ltd (GPL) from DVS Raju and family for Rs 3,604 crore taking its stake in GPL to 89.6 per cent. GPL is located in the northern part of Andhra Pradesh (AP) next to Vizag Port. Adani […]
Adani Ports acquires Krishnapatnam Port Company
NEW DELHI: Adani Ports and Special Economic Zone Limited (APSEZ) on Monday announced the completion of the acquisition of Krishnapatnam Port Company Ltd, (KPCL) for an enterprise value of Rs 12,000 crore. It will result in APSEZ having a controlling stake of 75 per cent in KPCL from the CVR Group and other investors. This […]
Adani Ports raises Rs 125 crore through non-convertible debentures
NEW DELHI: Adani Ports and Special Economic Zone (APSEZ) on Friday raised Rs 125 crore through issuance of debentures. “The company has raised Rs 125 crore today by allotment of 1,250 rated, listed, secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis,” Adani Ports and Special Economic […]
Adani Ports to buy Krishnapatnam Deepwater Port for $1.9 billion
By Ronojoy Mazumdar Adani Ports and Special Economic Zone agreed to acquire a deepwater port on the east coast for an enterprise value of $1.9 billion, a move that will help the nation’s biggest port operator by market capitalization expand capacity by 64 million metric tons. Adani Ports will purchase 75% of Krishnapatnam Port in […]
Adani Ports plans to raise USD 750 million
NEW DELHI: Adani Ports and Special Economic Zone Limited (APSEZ) on Thursday announced plans to raise USD 750 million (approx Rs 5,195 crore) to fund its capital expenditure requirement and also to retire some of its debt. “The finance committee of Adani Ports and Special Economic Zone Ltd has approved the issuance of fixed rate […]
Adani Ports delivers 50 US-made GE locomotives to railways
NEW DELHI: Adani Ports and Special Economic Zone on Wednesday said it has concluded import and delivery of 50 US-made GE locomotives to Indian Railways. All 50 locomotives were manufactured by GE Electromotive Division in the US and imported to Mundra port. “Adani Ports and Special Economic Zone Ltd (APSEZ) successfully concluded the import and […]