Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone (APSEZ) is all set to acquire a controlling stake of 75% from the existing shareholders of Krishnapatnam Port Company (KPCL), the second largest private sector port in India. This acquisition will accelerate the company’s stride towards 400 MMT by 2025. The acquisition value of KPCL is around Rs 13,500 crore. The purchase consideration will be funded through internal accruals and existing cash balance. The acquisition is subject to regulatory approvals. The transaction is expected to be completed in 120 days.

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.