“Adani Ports acquires 95% stake in Gopalpur Port for integrated logistics strategy”

Adani Ports has acquired a 95% stake in Gopalpur Port as part of its integrated logistics strategy. The deal, which includes purchasing shares from existing shareholders, is valued at Rs. 1,349 crore in equity consideration and Rs. 3,080 crore in enterprise value. Gopalpur Port, located on the east coast of India, has a capacity to handle 20 MMTPA and plays a key role in supporting mineral-based industries in the region. The acquisition will allow Adani Ports to expand its port network and enhance its logistics offerings, with approval expected by Q1 FY25.