Adani Ports surges as its arm signs share purchase agreement with Seabird Marine Services
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Adani Ports and Special Economic Zone is currently trading at Rs. 723.30, up by 13.35 points or 1.88% from its previous closing of Rs. 709.95 on the BSE.
The scrip opened at Rs. 721.70 and has touched a high and low of Rs. 723.60 and Rs. 717.50 respectively. So far 18842 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 500.20 on 01-Feb-2021.
Last one week high and low of the scrip stood at Rs. 732.75 and Rs. 689.15 respectively. The current market cap of the company is Rs. 146689.66 crore.
The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 31.18% and 4.99% respectively.
Adani Krishnapatnam Port, wholly owned subsidiary of Adani Ports and Special Economic Zone, has signed Share Purchase Agreement on January 28, 2022 with Seabird Marine Services, to acquire 100% stake of Seabird Distriparks (Krishnapatnam) (Seabird Distriparks). The Investment is in line with Company’s strategy to increase its footprint in Andhra Pradesh.
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.
