Adani Ports: Gautam Adani bought another port for 3350 crores
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Adani Ports: Indian industrialist Gautam Adani has taken a big leap in the ports business. His company Adani Ports and Special Economic Zone Limited has purchased 95 percent stake in Gopalpur Ports. This deal has been done for Rs 3350 crore. Its effect has been seen in the stock of Adani Ports. The company’s stock was trading at Rs 1,297.95 with a rise of 1.28 percent i.e. Rs 16.35 at 10.20 am. Whereas, around 12 noon the shares of the company have jumped by about two percent. This deal has been done between Shapoorji Pallonji Group and Adani Ports and Special Economic Zone Limited. Let us tell you that the Gopalpur port under construction in Odisha was acquired by SP Group in 2017. Currently, it is capable of handling 20 MTPA.
Adani group told the whole thing
According to the Adani Group statement, the port has recently signed a contract with Petronet LNG to set up a greenfield LNG regasification terminal. The sale of Gopalpur port is the second port disinvestment of SP Group in the last few months. Shapoorji Pallonji Group spokesperson said the planned disinvestment of Gopalpur Port and Dharamtar Port at significant enterprise value reflects our Group’s ability to transform assets and create stakeholder value in a relatively short period of time. SP Group is considering several steps to reduce its debt. There is speculation that the group may have a debt of around Rs 20,000 crore.
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How is the performance of Adani Port?
Adani Ports stock has given a return of about 2.83 percent to investors in the last five trading days. Whereas, on six-monthly basis the company has given a return of 58.43 percent to the investors. In the last one year, the company has given a return of 106.84 percent to the investors. On March 27, 2023, the company’s stock price was Rs 629.10. In the last five years, investors have received a return of 244.02 percent from this stock. ,with language input,
,Disclaimer: Investing in stock market or IPO is subject to market risk. Before investing in any share, get complete information from a good financial advisor. We are not encouraging investment in any company.,
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