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
US President Donald Trump has imposed a 25% additional tax on goods coming from India. This tax h
Amidst the Russia-Ukraine war, India has distanced itself from another resolution passed in the U
Our country is full of talent. Every day the story of some talented person keeps coming to the fo
Who did Saint Premanand first enthrone? He prostrated himself before him and had his feet washed.
This is the eternal tradition: when two prominent practitioners from different sects met, not onl
In Madagascar's capital, Antananarivo, approximately 1,000 young protesters, led by "Gen-Z Madaga
Pakistan is not deterring from its nefarious antics. After hurling an IED tiffin bomb from a dron
The case of the suicide of AI engineer Atul Subhash in Bengaluru is now gaining momentum across t
The Government of India has launched Operation Sindhu for the safe return of Indian citizens from
A big dream project of Bihar Chief Minister Nitish Kumar was completed on Gandhi Jayanti. Caste c
The petrol and diesel crisis has started in many parts of the country including Uttar Pradesh, Ra
