Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone (APSEZ) has signed agreement with Vishwa Samudra Holdings to acquire 25% stake of Adani Krishnapatnam Port (Krishnapatnam Port). Krishnapatnam Port is engaged in the business of handling containers, coal, break bulk and other bulk cargo including liquid cargo.

Post-acquisition of 25% stake, Krishnapatnam Port will become wholly owned subsidiary of the company. The Investment is in line with company’s strategy to increase its footprint in Andhra Pradesh. The transaction is expected to be completed within 3 months.

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