India’s Adani Ports To Acquire Multi-Cargo Terminal
MUMBAI, Jan 4 (NNN-PTI) – India’s largest port developer, Adani Ports, said that, it will be acquiring a controlling stake of 75 percent in Krishnapatnam Port Company Limited (KPCL), that operates a multi-cargo terminal, on the country’s east coast, in the state of Andhra Pradesh.
The estimated enterprise value for the proposed acquisition is 1.89 billion U.S. dollars and the transaction is expected to be completed within 120 days, the company said, in its filing with the Bombay Stock Exchange.
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