APSEZ inks agreement to acquire 97% stake in Marine Infrastructure Developer

28 Jun 2018

Adani Ports and Special Economic Zone (APSEZ) has signed Share Purchase Agreement between Larsen and Toubro (L&T), Marine Infrastructure Developer, L&T Shipbuilding and Adani Kattupalli Port to acquire 97% stake of Marine Infrastructure Developer.

The acquisition will enable the company to develop container terminal operation to increase market share and provide container, bulk terminal operation, and marine services.

APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.

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