Adani Port Inexperienced Gasoline Enterprises Energy Transmission Share Value Gangavaram Port

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New Delhi: Adani group has concluded the acquisition of Andhra Pradesh authorities’s stake of 10.4 per cent in Gangavaram Port Restricted (GPL) for a consideration of Rs 645 crore. The announcement was made by Adani Ports and Particular Financial Zone Ltd (APSEZ) on Wednesday, as per an IANS report.

The boards of APSEZ and GPL have additionally permitted the merger of GPL with APSEZ, taking into account GPL’s valuation of Rs 120 per share and honest worth of APSEZ at Rs 754.8 per share, leading to a swap ratio of 159 shares in APSEZ for 1,000 shares in GPL for the 58.1 per cent stake held by DVS Raju and Household in GPL, as per the IANS report.

  • The merger, which has an appointed date of April 1, 2021 and is topic to NCLT approvals, is anticipated to conclude by March 31, 2022, mentioned a press release by APSEZ, India’s largest personal ports and logistics firm and the flagship transportation arm of the diversified Adani Group, as per the IANS report.
  • Earlier, in April 2021, APSEZ had acquired 31.5 per cent from Windy Lakeside Funding Ltd, a Warburg Pincus affiliate, and had signed an settlement for the controlling stake of 58.1 per cent held by DVS Raju and Household, IANS reported.
  • Put up the merger of GPL and APSEZ, DVS Raju and Household will obtain roughly 4.8 crore shares leading to 2.2 per cent stake in APSEZ value Rs 3,604 crore, in line with an IANS report.
  • In the meantime, Adani Transmission has gained the Greentech Power Conservation Award-2021 for its work on decarbonising the grid. Competing with the nation’s main power and transmission corporations main PSUs comparable to NTPC, SAIL, and GAIL, Adani acquired the award in recognition of the corporate’s initiatives adopted to preserve power, as per IANS report.

Adani Share Costs

Adani Ports and Particular Financial Zone Ltd.

  • https://www.bseindia.com/stock-share-price/adani-ports-and-special-economic-zone-ltd/adaniports/532921/
  • https://www.nseindia.com/get-quotes/fairness?image=ADANIPORTS

Adani Energy Ltd.

  • https://www.bseindia.com/stock-share-price/adani-power-ltd/adanipower/533096/
  • https://www.nseindia.com/get-quotes/fairness?image=ADANIPOWER

Adani Enterprises Ltd.

  • https://www.bseindia.com/stock-share-price/adani-enterprises-ltd/adanient/512599/
  • https://www.nseindia.com/get-quotes/fairness?image=ADANIENT

Adani Transmission Ltd

  • https://www.bseindia.com/stock-share-price/adani-transmission-ltd/adanitrans/539254/
  • https://www.nseindia.com/get-quotes/fairness?image=ADANITRANS

Adani Inexperienced Power Ltd

  • https://www.bseindia.com/stock-share-price/adani-green-energy-ltd/adanigreen/541450/
  • https://www.nseindia.com/get-quotes/fairness?image=ADANIGREEN

Adani Whole Gasoline Ltd

  • https://www.bseindia.com/stock-share-price/adani-total-gas-ltd/atgl/542066/
  • https://www.nseindia.com/get-quotes/fairness?image=ATGL

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