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Adani Ports on a roll with three big acquisitions in five months | Hellenic Shipping News Worldwide


Adani Ports on a roll with three big acquisitions in five months
With three big acquisitions having a combined value of ₹14,659 crore in five months, Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) is on a roll.
On March 3, APSEZ acquired a 31.5% stake in Gangavaram Port Ltd (GPL) from a unit of private equity firm Warburg Pincus LLC for ₹1,954 crore and said it was in talks with D V S Raju and family, the promoters of the port located in Visakhapatnam, for buying their 58.1% stake in GPL.
Gangavaram is APSEZ’s second big acquisition in Andhra Pradesh, India’s second biggest maritime state by cargo volumes handled, after picking up a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of Rs12,000 crore on October 5. ....

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Adani Ports on a roll with three big acquisitions in five months


Adani Ports on a roll with three big acquisitions in five months
March 05, 2021
On the prowl for more as promoters look to cash in on the stress situation
With three big acquisitions having a combined value of ₹14,659 crore in five months, Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) is on a roll.
On March 3, APSEZ acquired a 31.5% stake in Gangavaram Port Ltd (GPL) from a unit of private equity firm Warburg Pincus LLC for ₹1,954 crore and said it was in talks with D V S Raju and family, the promoters of the port located in Visakhapatnam, for buying their 58.1% stake in GPL. ....

Andhra Pradesh , United Kingdom , Sri Lanka , Gautam Adani , Warburg Pincus , Ramesh Singhal , Jawaharlal Nehru Port Trust , Tata Group , Economic Zone Ltd , Gangavaram Port Ltd , Consultancy Pvt Ltd , Dighi Port Ltd , Krishnapatnam Port Co Ltd , Gautam Adani Led Ports , Special Economic Zone Ltd , Adani Ports , West Container Terminal , Colombo Port , Consultancy Pvt , Adani Ports And Special Economic Zone Ltd , Acquisition Of Dighi Port Ltd , Gangavaram Port , ஆந்திரா பிரதேஷ் , ஒன்றுபட்டது கிஂக்டம் , ஸ்ரீ லங்கா , கௌதம் அதானி ,