Adani Ports increases its ownership from 75% to 100% in Krishnapatnam Port by acquiring Vishwasamudra Holdings’ 25% stake for Rs. 2,800 Crs.
Adani Ports (APSEZ) acquires 25% from Vishwa Samudra Holdings in Krishnapatnam Port for RS. 2,800 Cr The 100% acquisition of Krishnapatnam Port implies a 10.3x multiple on FY21 EBITDA and further enhances shareholder value Krishnapatnam Port being India’s second largest private sector port has a strong growth potential with a masterplan capacity of 300 MMTPA […]
