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Adani Ports and Special Economic Zone is currently trading at Rs. 736.40, up by 14.80 points or 2.05% from its previous closing of Rs. 721.60 on the BSE.

The scrip opened at Rs. 731.45 and has touched a high and low of Rs. 740.00 and Rs. 727.70 respectively. So far 89275 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 768.40 on 08-Mar-2021 and a 52 week low of Rs. 203.40 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 740.00 and Rs. 656.80 respectively. The current market cap of the company is Rs. 146611.21 crore.

The promoters holding in the company stood at 63.74%, while Institutions and Non-Institutions held 33.50% and 2.76% respectively.

Adani Ports and Special Economic Zone (APSEZ), India’s largest private Ports & Logistics company and the flagship transportation arm of the diversified Adani Group, is acquiring the 58.1% stake held by DVS Raju and family in Gangavaram Port (GPL). The acquisition is valued at Rs 3,604 crore and subject to regulatory approvals. APSEZ had announced acquisition of Warburg Pincus’s 31.5% stake in GPL on March 3, 2021 and together with this acquisition, APSEZ would have 89.6% stake in GPL.

The acquisition is in line with company’s strategy of East Coast to West Coast parity and will provide an access to growth from new hinterland markets as it has coverage in resource rich and industrial belt in Eastern, Central & Southern India. GPL will benefit from APSEZ’s pan-India footprint, logistics integration, customer centric philosophy, operational efficiencies and strong balance sheet to deliver a combination of high growth by enhancing market share and add additional cargo types and improved margins and returns. The transaction is expected to be completed within 6 months.

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.