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APSEZ acquires remaining 25% stake of Krishnapatnam Port

This will result in Adani Ports and Special Economic Zone (APSEZ) increasing its stake from 75% to 100% in Krishnapatnam Port.APSEZ announced the acquisition of the residual 25% stake in Adani Krishnapatnam Port for Rs 2,800 crore from Vishwa Samudra Holdings. Together with the 75% ownership acquired in October 2020, the acquisition implies an enterprise value of Rs 13,675 cr implying an EV/ FY21 EBITDA multiple of 10.3x. Krishnapatnam Port being Indias second largest private sector port has a ...
Andhra Pradesh Karan Adani Adani Group Vishwa Samudra Holdings Adani Ports Special Economic Zone

BEL rises after signing contract with JSC Rosoboronexport

Read more about BEL rises after signing contract with JSC Rosoboronexport on Business Standard. Bharat Electronics (BEL) gained 1.35% to Rs 142.80 after the PSU company on Thursday announced that it has entered into offset contract with joint stock company, Rosoboronexport, Russia.
Indian Air Bharat Electronics Indian Armed Indian Air Force Capital Market Government Of Russia

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