Adani Ports Gains Over 3% On Completing Dighi Port Acquisition

[sushmi]

Adani Ports Gains Over 3% On Completing Dighi Port Acquisition

Adani Ports shares gained more than 3 per cent in a weak market after the company completed the acquisition of Dighi Port for ₹ 705 crore. At 9:35 am, the shares of Adani Ports were trading at ₹ 659, higher by 3.46 per cent, on the BSE.
Adani Ports will invest more than ₹ 10,000 crore in developing Dighi Port as an alternate gateway to JNPT, the company said in a regulatory filing to the stock exchanges. This would enable APSEZ to service customers in Maharashtra and development in the Mumbai and Pune regions.



Mr. Karan Adani, CEO and Whole Time Director of APSEZ said, "The successful acquisition of DPL adds another milestone in the Adani Port's target of creating a string of ports to increase service coverage to the entire economic hinterland of India. With our growth focus, experience, and expertise in turning around acquisitions and we are confident of making DPL value accretive for all our stakeholders."

SOURCE - https://www.ndtv.com/business/adani-ports-gains-over-3-on-completing-dighi-port-acquisition-2372188