Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of a 95 per cent stake in Gopalpur Port Limited from existing shareholders for Rs 13.49 billion. This acquisition follows a definitive agreement signed on March 25, 2024.
APSEZ acquires 56 per cent of the stake from SP Port Maintenance Private Limited and about 39 per cent from Orissa Stevedores Limited.
The total consideration for the stake amounts to Rs 13.49 billion, with the enterprise value of Gopalpur Port estimated at Rs 30.80 billion. This is subject to closing adjustments.