Adani to acquire a Deepwater Port in India for $1.9b

Date posted: Monday 6 January 2020

Adani Ports and Special Economic Zone Ltd. agreed to acquire a deepwater port on India’s east coast for an enterprise value of $1.9 billion, a move that will help the nation’s biggest port operator by market capitalization expand capacity by 64 million metric tons. Adani Ports will purchase 75% of Krishnapatnam Port Co. in India’s Andhra Pradesh state

(Dealstreet Asia)