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Cargo traffic at Indian major ports rises 12% in February: IPA | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Adani Ports’ stake increases to 75% in AP’s Krishnapatnam Port Together with the 75 per cent ownership acquired in October 2020, the acquisition implies an enterprise value of Rs 13,675 crore. By IANS| Posted by Sruthi Vibhavari | Published: 5th April 2021 11:46 am IST Krishnapatnam Port is located on the east coast of India in Nellore district of Andhra Pradesh. Nellore: Private sector ports and logistics company Adani Ports and Special Economic Zone Ltd. (APSEZ) is acquiring the residual 25 per cent stake in Adani Krishnapatnam Port Ltd., (Krishnapatnam Port) for Rs 2,800 crore. With this, APSEZ will increase its stake from 75 per cent to 100 per cent in Krishnapatnam Port, the country’s second-largest private-sector port. The acquisition will be completed by buying 25 per cent from Vishwa Samudra Holdings. ....
Private sector ports and logistics company Adani Ports and Special Economic Zone Ltd. (APSEZ) is acquiring the residual 25 per cent stake in Adani Krishnapatnam Port Ltd., (Krishnapatnam Port) for Rs 2,800 crore. With this, APSEZ will increase its stake from 75 per cent to 100 per cent in Krishnapatnam Port, the country s second largest private sector port. The acquisition will be completed by buying 25 per cent from Vishwa Samudra Holdings. Together with the 75 per cent ownership acquired in October 2020, the acquisition implies an enterprise value of Rs 13,675 crore implying an EV/FY21 EBITDA multiple of 10.3x. Krishnapatnam Port is located on the east coast of India in Nellore district of Andhra Pradesh (180 km from Chennai Ports) close to the border between Andhra Pradesh and Tamil Nadu. It is an all-weather, deep water port and has a multi-cargo facility with a current capacity of 64 MMTPA. With a waterfront of 20 km and 6,800 acres of land, Krishnapatnam Port ....
Adani Ports Krishnapatnam Port acquisition is second port acquisition on east coast. Adani Ports and Special Economic Zone (APSEZ), the country s largest private port and logistics company, increased its stake in Krishnapatnam Port in Nellore district of Andhra Pradesh to 100 per cent from 75 per cent. Adani Ports acquired Vishwasamudra Holdings 25 per cent stake in Krishnapatnam Port for Rs 2,800 crore. The 100 per cent acquisition of Krishnapatnam Port implies a 10.3 times multiple on FY21 earnings before interest, tax, depreciation and amortization (EBITDA) and further enhances shareholder value, Adani Ports said in a statement. Last month, Adani Ports had acquired controlling stake in Gangavaram Port (GPL) in Andhra Pradesh from DVS Raju Family for Rs 3,604 crore, taking its stake in Gangavaram Port to 89.6 per cent. ....
Adani Ports invests Rs 2,800 cr to up stake in Krishnapatnam Port to 100% business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.