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    ADANIPORTS   INE742F01042

ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED

(ADANIPORTS)
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Delayed NSE India Stock Exchange  -  05/20 07:16:35 am EDT
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Adani Ports & Special Economic Zone : Acquisition

01/29/2022 | 05:11am EDT

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 +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

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

Disclaimer

Adani Ports and Special Economic Zone Limited published this content on 29 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2022 10:10:05 UTC.


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Sales 2022 166 B 2 134 M 2 134 M
Net income 2022 57 137 M 734 M 734 M
Net Debt 2022 296 B 3 800 M 3 800 M
P/E ratio 2022 28,1x
Yield 2022 0,71%
Capitalization 1 621 B 20 837 M 20 837 M
EV / Sales 2022 11,5x
EV / Sales 2023 9,47x
Nbr of Employees 2 773
Free-Float 28,3%
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Number of Analysts 20
Last Close Price 767,55 INR
Average target price 888,95 INR
Spread / Average Target 15,8%
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Managers and Directors
Karan Gautambhai Adani Chief Executive Officer & Executive Director
Gautambhai Shantilal Adani Founder
Kamlesh Prabhudas Bhagia Secretary & Compliance Officer
Gopal Krishna Pillai Independent Non-Executive Director
Bharat Kanaiyalal Sheth Independent Non-Executive Director