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Adani Ports rises on acquiring 10.4% stake of Gangavaram Port from Andhra Pradesh govt

23 Sep 2021 Evaluate

Adani Ports and Special Economic Zone is currently trading at Rs. 756.30, up by 11.60 points or 1.56% from its previous closing of Rs. 744.70 on the BSE.

The scrip opened at Rs. 754.50 and has touched a high and low of Rs. 756.90 and Rs. 750.90 respectively. So far 225241 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 312.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 786.00 and Rs. 733.80 respectively. The current market cap of the company is Rs. 152049.25 crore.

The promoters holding in the company stood at 63.79%, while Institutions and Non-Institutions held 30.59% and 5.62% respectively.

Adani Ports and Special Economic Zone (APSEZ) has signed the appropriate transaction documents and simultaneously completed the acquisition of 10.4 per cent stake of Gangavaram Port (GPL) from Government of Andhra Pradesh. Further, the company said it has paid Rs 644.78 crore for the 10.4 per cent stake.

The acquisition is in line with its strategy of East Coast to West Coast parity and will provide an access to growth from new hinterland markets as it has coverage in resource rich and industrial belt in Eastern, Central and Southern India.

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.


Adani Ports &Special Share Price

1573.10 23.65 (1.53%)
17-Apr-2026 16:59 View Price Chart
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