Industrialist Gautam Adani
Ever since the ghost of Hindenburg disappeared, Gautam Adani has been busy expanding his business. Recently, the company has raised several billion rupees through QIP. Now, it has expanded its port business with a deal worth Rs 1,551 crore. After which, it will buy a company that has been in existence for 15 years. Let us also tell you which company Gautam Adani is going to buy. Also, in which countries is this company working?
80 percent of purchases made in this company
Adani Ports and Special Economic Zone (APSEZ) Limited has entered into an agreement to buy 80 per cent stake in Astro Offshore for $185 million i.e. Rs 1,551 crore. APSEZ said on Friday that the deal is all-cash. The company said that Astro’s existing promoters will hold the remaining 20 per cent stake. The company said that APSEZ has entered into a definitive agreement to acquire 80 per cent stake in Astro in an all-cash deal worth $185 million.
It will work in these countries.
According to the statement, Astro, founded in 2009, is a leading global OSV operator in West Asia, India, Far East Asia and Africa. The company said Astro has a fleet of 26 offshore support vessels (OSVs). Astro had revenue of $95 million and earnings before tax (Ebitda) of $41 million for the year ended April 30, 2024.
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Adani Port shares rise
However, a slight rise was seen in the shares of Adani Port on Friday. According to the data, the shares of Adani Port and SEZ closed at Rs 1,482.65 on BSE with a rise of 0.46 per cent. However, during the trading session, the shares of the company touched the day’s high of Rs 1,487.15. However, today the shares of the company opened at Rs 1,477.20. In the current year, Adani Port’s share has seen an increase of Rs 435 i.e. 41.47 per cent. At present, the market capitalisation of the company has crossed Rs 3.20 lakh crore.
