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Shapoorji sells stake in Gopalpur Port to Adani
The Morning Standard
|March 27, 2024
THE Shapoorji Pallonji Group has sold its stake in Gopalpur Port Limited (GPL) to Adani Ports and SEZ Limited (APSEZ) for an enterprise value of ₹3,350 crore.
APSEZ, India's largest port operator, will buy 56% stake of SP Group and 39% of Orissa Stevedores Limited (OSL) in GPL at an enterprise value of ₹3,080 crore. In addition, there is a contingent consideration of ₹270 crores estimated to be payable after 5.5 years.
This is the second port divestment in the last few months from the SP Group, the second largest stakeholder in the Tata Group. It had earlier divested its Dharamtar Port to billionaire Sajjan Jindal-led JSW Infrastructure for an enterprise value of ₹710 crore.
Diese Geschichte stammt aus der March 27, 2024-Ausgabe von The Morning Standard.
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