Adani Ports and Special Economic Zone Limited announced the appointment of Ashwani Gupta as Chief Executive Officer of the company, with effect from January 4, 2024. According to the company’s exchange filing, “we wish to inform you that the board of directors of Adani Ports and Special Economic Zone Limited (“Company”) has at its meeting…
U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India’s largest port operator Adani Ports and SEZ Ltd., Sri Lanka’s leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority – to the tune of USD 553 million.…
Cyril Amarchand Mangaldas acted as legal counsel for Adani Ports And Special Economic Zone Limited (APSEZ), in relation to the acquisition of Karaikal Ports Private Limited (KPPL), a company undergoing corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), for an aggregate purchase consideration of INR 1485 crore (Transaction). KPPL has…
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…