Adani Group’s APSEZ to acquire Marine Infra Developer

Adani Group’s APSEZ to acquire Marine Infra Developer
30/06/2018 , by , in News/Views

India’s largest port developer and part of Adani Group APSEZ yesterday entered a pact for acquiring Marine Infrastructure Developer Private Limited (MIDPL) for Rs 1,950 crore.

Of the Rs 1,950 crore, Adani Ports and Special Economic Zone Limited (APSEZ) will be paying Rs 1,562 crore towards settlement of dues of MIDPL.

APSEZ  said the acquisition will enable the company to develop container terminal operation to increase market share and provide container, bulk terminal operation and marine services.

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