S&P rates APSEZ s proposed US$750 million senior unsecured notes at BBB-minus aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Adani Ports splurges Rs 2,800 crore to buy residual 25 per cent stake in Krishnapatnam Port
April 05, 2021
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Buys the balance stake at 2.5 times the price it paid for the first 75 per cent
Adani Ports and Special Economic Zone Ltd (APSEZ) paid about 2.5 times more to buy the 25 per cent stake it does not already own in Krishnapatnam Port Co Ltd (KPCL) for Rs 2,800 crore, making it the most expensive by equity value of the five ports the Ahmedabad-based infrastructure conglomerate has purchased since 2014.
Gangavaram Port Ltd, in which it acquired 89.6 per cent stake for Rs 5,558 crore in March, was the most expensive deal thus far. But the residual stake buy in Krishnapatnam has trumped that, with APSEZ paying Rs 6,195 crore for 100 per cent equity.
Adani Ports takes full control of Krishnapatnam Port - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree
Tata Sons has agreed to acquire control of India s largest online grocer BigBasket; Reliance Industries recently acquired additional equity stake in the US-based technology company skyTran Inc
Nevin John | March 15, 2021 | Updated 21:37 IST
Indian conglomerates are in a race to acquire assets for building comprehensive business ecosystem around each business that they are in. Tata Group, Reliance Industries (RIL), Aditya Birla, Adani, JSW and Vedanta are among those acquiring smaller companies, including start-ups, to fill gaps in their portfolios.
Tata Sons has agreed to acquire control of India s largest online grocer BigBasket, in a deal valued at more than $1 billion. Tata Digital, the newly floated subsidiary which is building Super App, looks to strengthen its e-tail portfolio through the acquisition. The salt-to-aviation conglomerate is also in talks with Just Dial, the 24-year old local discovery p