Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone (APSEZ) has signed Share Purchase Agreement (SPA) with TKM Global GmbH, Germany; International Shipping & Logistics FZE, Dubai and TM Harbour Services to acquire 100% stake of TM Harbour Services. The cost of acquisition for the business is Rs 106.27 crore which includes Fixed Assets, Working Capital and Closing Adjustment.

TM Harbour Services is engaged in the business of operating and providing services of harbour tugs. It owns three harbour tugs having capacity of 65 tons bollard pull equipped with full/half firefighting system. The revenue for financial year 2015-16 was Rs 31.72 crore.

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.