Adani Ports and Special Economic Zones is currently trading at Rs. 744.95, up by 15.40 points or 2.11% from its previous closing of Rs. 729.55 on the BSE.
The scrip opened at Rs. 735.00 and has touched a high and low of Rs. 749.85 and Rs. 715.75 respectively. So far 772276 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 754.65 on 03-Mar-2021 and a 52 week low of Rs. 203.40 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 754.65 and Rs. 668.20 respectively. The current market cap of the company is Rs. 151253.76 crore.
The promoters holding in the company stood at 63.74%, while Institutions and Non-Institutions held 33.50% and 2.76% respectively.
Adani Ports and Special Economic Zones (APSEZ) is acquiring the 31.5% stake held by Windy Lakeside Investment (an affiliate of Warburg Pincus) in Gangavaram Port (GPL). The acquisition is valued at Rs 1,954 crore and subject to regulatory approvals.
GPL is located in the northern part of Andhra Pradesh next to Vizag Port. It is the second largest non-major port in Andhra Pradesh with a 64 MMT capacity established under concession from Government of Andhra Pradesh (GoAP) that extends till 2059. It is an all weather, deep water, multi-purupose port capable of handling fully laden super cape size vessels of upto 200,000 DWT. Currently, GPL operates 9 berths and has free hold land of around 1,800 acres. With a master plan capacity for 250 MMTPA with 31 berths, GPL has sufficient headroom to support future growth.
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.
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