Adani Port acquired 80 per cent stake in Astro Offshore for Rs 15.5 billion

Adani Ports and Special Economic Zone entered into a definitive agreement to acquire an 80 per cent stake in Astro Offshore for approximately Rs 15.5 billion. Promoters of Astro Offshore will continue to hold the remaining 20 per cent. The move is expected to further consolidate Adani Ports footprint across the Arabian Gulf, the Indian subcontinent and Far East Asia.