Adani Ports & Special Economic Zone : Acquisition

Ref No: APSEZL/SECT/2021-22/114

January 29, 2022
BSE Limited	National Stock Exchange of India Limited
Floor 25, P J Towers,	Exchange Plaza,
Dalal Street,	Bandra Kurla Complex,
Mumbai - 400 001	Bandra (E), Mumbai - 400 051
Scrip Code: 532921	Scrip Code: ADANIPORTS

Sub: Share Purchase Agreement for acquisition of 100% stake of Seabird Distriparks (Krishnapatnam) Private Limited

Dear Sir,

We would like to inform that the Adani Krishnapatnam Port Limited, wholly owned subsidiary of the Company has signed Share Purchase Agreement on January 28, 2022 with Seabird Marine Services Private Limited, to acquire 100% stake of Seabird Distriparks (Krishnapatnam) Private Limited ("Seabird Distriparks").

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are given as under:-

SN	Particulars	Details
1.	Name of the target entity, details	Seabird Distriparks is engaged in the
	in brief such as size, turnover etc.	business of owning, operating and
		maintaining Container Freight Station,
		which are facilities set up for the
		purpose of in-transit container
		handling, examination, assessment of
		cargo with respect to customs
		clearances, both export and import.
2.	Whether the acquisition would fall	No
	within related party transaction(s)

Adani Ports and Special Economic Zone Ltd	Tel +91	79 2656 5555
Adani Corporate House, Shantigram,	Fax +91	79 2555 5500
Nr. Vaishno Devi Circle, S. G. Highway,	www.adaniports.com
Khodiyar, Ahmedabad - 382421

Gujarat, India

CIN: L63090GJ1998PLC034182

Registered Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India

		and whether	the	promoter/
		promoter group/ group companies
		have any interest in the entity
		being acquired?
		If yes, nature of interest and
		details thereof and whether the
		same is done at "arm's length"
	3.	Industry to which the entity being	Seabird Distriparks belongs to Port
		acquired belongs				related activities.
	4.	Objects and effects of acquisition	The Investment is in line with
		(including but not limited to,	Company's strategy to increase its
		disclosure	of	reasons	for	footprint in Andhra Pradesh.
		acquisition of target entity, if its
		business is outside the main line	Investment	will	allow Krishnapatnam
		of business of the listed entity)		Port provide value added services to
							its customer at the Port
	5.	Brief details of any governmental	N.A.
		or regulatory approvals required
		for the acquisition
	6.	Indicative	time		period	for	The transaction is expected to be
		completion of the acquisition		completed within 15 days.
	7.	Nature of consideration - whether	The consideration is in the form of
		cash consideration or share swap	cash.
		and details of the same
	8.	Cost of acquisition or the price at	The consideration is Rs. 19.22 crores
		which the shares are acquired		subject to closing adjustments
	9.	Percentage	of	shareholding	/	100% stake
		control acquired and / or number
		of shares acquired
	10.	Brief background about the entity	Seabird Distriparks is engaged in the
		acquired in terms of products/line	business of owning, operating and
		of business acquired, date of	maintaining Container Freight Station,
		incorporation, history of last 3	which are facilities set up for the
		years turnover, country in which	purpose	of	in-transit container
Adani Ports and Special Economic Zone Ltd	Tel [phone]
Adani Corporate House, Shantigram,		Fax [phone]
Nr. Vaishno Devi Circle, S. G. Highway,		www.adaniports.com
Khodiyar, Ahmedabad - 382421

Gujarat, India

CIN: L63090GJ1998PLC034182

Registered Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India

	the acquired entity has presence	handling, examination, assessment of
	and	any	other	significant	cargo with respect to customs
	information (in brief);		clearances, both export and import.
					Revenue for FY 2018 - 19 : Rs. 21.38
					crore
					Revenue for FY 2019 - 20 : Rs. 18.33
					crore
					Revenue for FY 2020 - 21 : Rs. 14.06
					crore

This is for your information and records.

Thanking you,

Yours faithfully,

For Adani Ports and Special Economic Zone Limited

Kamlesh Bhagia

Company Secretary

Adani Ports and Special Economic Zone Ltd	Tel +91	79 2656 5555
Adani Corporate House, Shantigram,	Fax +91	79 2555 5500
Nr. Vaishno Devi Circle, S. G. Highway,	www.adaniports.com
Khodiyar, Ahmedabad - 382421

Gujarat, India

CIN: L63090GJ1998PLC034182

Registered Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India