Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest ₹800 crore in India’s largest private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49% stake in the company, according to a regulatory filing. About 10 million equity shares of face value of ₹2 per share will be allotted to the investment company at a price of ₹800 each, said Adani Ports. Adani Ports and Special Economic Zone Ltd's scrip on BSE closed at ₹749.65 apiece on Friday. Earlier, APSEZ had said it has acquired 31.5% in Andhra Pradesh's Gangavaram Port Ltd (GPL) from Warburg Pincus. "The acquisition is valued at ₹1,954 crore and subject to regulatory approvals," the company said in a BSE filing.

Source: Mint March 07, 2021 13:29 UTC