Gautam Adani, the richest man in Asia and the sixth richest person in the world, is now taking a big step. A report said that Adani Harbor Services, a subsidiary of their Adani Ports and Special Economic Zones (APSEZ) Limited, has agreed to acquire third-party maritime service provider company Ocean Sparkle Limited (OSL).
Shareholders will get its benefit
Karan Adani, Chief Executive Officer, and Whole Time Director, APSEZ shared the details of the deal. He said that looking at the synergy between the two companies, it can be said that the consolidated business is likely to double in five years with better profits, which will benefit the shareholders of Adani Ports.
Payment will be made in this way
According to the report, the information shared by the company with the stock exchange on Friday said that the Indian billionaire Gautam Adani-led company will pay Rs 1,135.30 crore for the direct acquisition of a 75.69 percent stake in OSL. Along with this, it will pay Rs 394.87 crore for the indirect acquisition of a 24.31 percent stake. The entire transaction is expected to be completed within a month, it added.
1700 crores are the enterprise value of OSL
OSL Company was established in 1995 by a group of marine technocrats, with P Jayaraj Kumar as Chairman and MD, who will continue as Chairman of the OSL Board. Karan Adani said that this acquisition will increase the company's share in the maritime services market in India and will also provide a platform to establish a presence in other countries. According to the report, OSL has an enterprise value of Rs 1,700 crore and leads the market with 94 own ships and 13 third-party-owned vessels.
Also Read: PLI scheme Rs 2.34 lakh crore investment, more than 60 lakh people will get employment
Weather Update: Dense fog and cold waves will remain for the whole week, and severe cold in Uttarakhand-Haryana and UP
North India, including the national capital, may have seen sunshine on the first day of the year, but there are chances of dense fog and a severe cold wave this week. According to the Meteorological
Republic Day Parade 2024: Amazing display of women's power and bravery seen in the Republic Day Parade, see photos
This time, an amazing display of strength and bravery will be seen in the Republic Day Parade, in which women's power is playing an important role. A glimpse of this was visible in the full dress
Will Lawrence Bishnoi contest elections now? Who gave him the offer to join politics?
There is not much time left for the Maharashtra Assembly elections. In such a situation, a strange statement of a party has come to the fore. This party has offered gangster Lawrence Vishnoi to
Ranbir Kapoor: Ranbir Kapoor considers Mukesh Ambani as his idol, the industrialist gave this advice to Animal Star
The past year was a great year for Bollywood superstar Ranbir Kapoor. The success of the film 'Animal' took Ranbir's fame to new heights. At the same time, now Ranbir is busy preparing for his
Why did Tripti Dimri play the role of 'Zoya Bhabhi' for Animal, said- 'I don't like living in the comfort zone'
Tripti Dimri became very famous with her role as 'Zoya Bhabhi' in the film Animal. After this film, the actress signed many films back to back. Before Animal, Tripti also appeared in films like Kala,
Monkeypox Infection: Monkeypox infection is spreading rapidly in America, new strain of virus surfaced in Britain
The monkeypox virus is spreading rapidly in America. So far, more than 30 children have also been found infected across the country. There has also been one death in America from monkeypox. According
Traumatic road accident in Haryana, 6 people of the same family returning after immersing in the ashes from Haridwar died, and 17 injured
A very painful accident happened in Haryana. Truck and pickup collided in Jind. In this, six people on the pickup died on the spot, while 17 people were seriously injured. All those who died are said
Weather Update: 150 people died due to deadly heat in UP-Bihar; Flood like situation in Chennai, Assam, and Rajasthan
Weather Update Today In the capital Delhi today, where the weather has become pleasant due to rain, in other states of North India, heat and heat waves are becoming deadly. Due to the scorching heat,
Rajya Sabha Election: BJP can spoil the game of Ajay Maken of Congress in Haryana, a third candidate will spoil the maths
Rajya Sabha Elections 2022: Today is the last date for filing nomination papers for two Rajya Sabha seats from Haryana. According to the strength of the assembly, the victory of Krishnalal Panwar of
Only 20 MLAs reached Uddhav Thackeray's meeting, and the disappearance of 35 increased concern; BJP's claim increased fear
Shiv Sena in Trouble: Due to Eknath Shinde's rebellion and about two dozen MLAs camping in Surat, the Shiv Sena and the Maharashtra government have come into great trouble. Uddhav Thackeray had called
