Gopalpur: Adani Ports would purchase a 95% ownership in Gopalpur Port in Odisha for ₹13.49 billion, . The company will buy 39% from Orissa Stevedores and 56% from Shapoorji Pallonji Group.
Gopalpur manages a variety of dry bulk loads. The equity value of this deal has been pegged at ₹1,349 crore (, while enterprise value of the transaction amounts approximately ₹3,080 crore. The move is aimed at strengthening Adani Port’s presence along the east coast. With an existing capacity of around 247 million tonnes (MT), this acquisition would further solidify their presence in this region. In addition to the enterprise value there is a contingent consideration of ₹270 crore estimated to be payable after 5.5 years, subject to fulfilment of certain conditions as agreed with the sellers.
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