Adani Ports acquires 80% stake in global OSV operator Astro Offshore for USD 185 million

Aug 31, 2024, at 03:25 am

Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) is set to acquire an 80 percent stake in Astro, a global offshore service vehicle operator, in an all-cash deal for $185 million, implying an EV of $235 million and EV/FY25E EBITDA at 4.4x, said a company press release.

Adani Ports announces changes in its top leadership: Gautam Adani redesignated as Executive Chairman, Karan Adani becomes MD

Jan 04, 2024, at 07:50 am

Mumbai: Adani Ports and SEZ, the port and logistics division of the Adani Group, on Wednesday announced a restructuring in its leadership.

Adani Ports to raise up to Rs 5,000 cr via non-convertible debentures

Jan 04, 2024, at 02:19 am

Mumbai: The board of directors of Adani Ports and Special Economic Zone Limited approved the raising of funds up to Rs 5,000 crores through public issuance of non-convertible debentures of the face value of Rs1,000 each amounting up to Rs 5,000 crore through one or more tranches, the company informed stock exchanges on Wednesday.

US invests $553 million in Adani port in Sri Lanka amid growing Chinese influence

Nov 09, 2023, at 06:36 am

Colombo: U.S. International Development Finance Corporation (DFC) has announced a funding of $553 million in Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.

Adani Group appoints MSKA & Associates as new auditor for Adani Ports and Special Economic Zone

Aug 14, 2023, at 03:30 am

Ahmedabad: The Adani Group has appointed accounting firm MSKA & Associates as the new auditor for Adani Ports and Special Economic Zone (APSEZ), replacing Deloitte. The group said on Saturday that it found the reasons given by Deloitte for resigning as the company's auditor to be "unconvincing", according to media reports.

Adani Ports and Special Economic Zone Q4FY23 net profit grows 5.1% to Rs 1,158.88 cr

May 31, 2023, at 05:04 am

Mumbai: Adani Ports and Special Economic Zone (ASPEZ) reported a consolidated net profit of Rs 1,158.88 crore in the fourth quarter of FY23, marking a growth of 5.1% compared to Rs 1,102.61 crore in the same quarter of the previous year.