Commercial ports operator in India, Adani Ports and Special Economic Zone Ltd has announced that Adani International Container Terminal Pvt Ltd (AICTPL), its joint venture firm, is planning to raise $300 million to retire some of its debt. The company stated in a regulatory filing – “Adani International Container Terminal Pvt Ltd (AICTPL), a 50:50…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that it has successfully deployed TCS DynaPORT, a state-of-the-art terminal operating system at the Mundra CT4 terminal for Adani Ports and Special Economic Zone (APSEZ) Limited, India’s largest private port operator and end-to-end logistics provider. The deployment was completed remotely, while…
Adani Ports and Special Economic Zone Limited, India’s largest port developer, operator and the logistics arm of the Adani Group will be acquiring a controlling stake of 75% from the existing shareholders of KPCL. This acquisition will accelerate APSEZ’s stride towards 400 MMT by 2025. Acquisition value of KPCL is approximately Rs.13,500 cr. The purchase…
Adani Logistics Limited , a wholly owned subsidiary of Adani Ports and SEZ Limited, today announced it has signed definitive agreements to acquire 40.25% stake in Snowman Logistics Ltd. from Gateway Distriparks Ltd. The purchase price of INR 44 / share represents a 3.2% premium to the market price of December 27, 2019 and a…