Adani Ports: Gautam Adani will sell 49 percent stake in his company for Rs 247 crore, this action was seen in the shares.

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Adani Ports Share Price: Indian industrialist Gautam Adani (Gautam Adani) company Adani Ports and Special Economic Zone Limited Adani Ennore Container Terminal Pvt Ltd Is going to sell 49 percent stake. The company has announced to sell its stake to Mundi Limited, a subsidiary of Mediterranean Shipping Company, for Rs 247 crore. According to the statement issued by APSEZ, a share purchase agreement in this regard was signed on December 14, 2023. The total enterprise value of AECTPL is Rs 1,211 crore. The statement said, the transaction still requires regulatory approval. The transaction is expected to be completed in three to four months. After its completion, APSEZ will have 51 percent stake in AECTPL. According to the statement, this is the second strategic partnership of APSEZ with TIL after the joint venture for CT3 container terminal at Mundra Port. Karan Adani, Chief Executive Officer (CEO) and Whole-time Director, APSEZ, said that our collaboration with the world’s largest shipping company (MSC) reflects APSEZ’s strong vision to accelerate regional development through a transparent business approach.

Adani Port shares rose

After the announcement of stake sale in Adani Port, the company’s shares saw a jump of more than one percent at 12.30 pm. Shares of Adani Ports and Special Economic Zone Ltd reached the figure of Rs 1085.80. However, later during trading it fell again to Rs 1081.65. Then the stock continued to fluctuate throughout the day. In the last five days, the company has given returns of about 6 percent to investors. At the same time, there has been a profit of about 33 percent in one month. Along with this, Gautam Adani has acquired another cement factory in early December. Ambuja Cements (ACL), a company owned by Gautam Adani, completed the acquisition of Sanghi Industries Limited (SIL). Information regarding this was given by the company in its exchange filing. The enterprise value of this deal is Rs 5185 crore. Adani Group has funded this deal through its internal sources.

How one company acquires another company

For a company to acquire another company (merger and acquisition), the two companies first negotiate. The boards of directors of both companies agree to an agreement to plan the acquisition. In this, details of acquisition, time limit, valuation of property, stock currency etc. are adjusted. Once the plan is made and agreed upon, Naubat (Form 23C and Form 1 Naubat) is issued. This includes the process and details of the acquisition. After issuing Naubat, it is presented to the Supreme Court or the Naubat Approval Officer. After receiving the approval, implementation of the acquisition is started as per the plan. In this, one company acquires control of the property, stock, and assets of another company. Following the acquisition, the various process, production, finance, and management systems of both companies are integrated. The various divided structures are transformed into a consolidated and organized structure.

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