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Adani Ports and Special Economic Zone acquires 95% stake in Gopalpur Port from SP Group

Mar 26, 2024•over 1 year ago

Acquiring Company

Adani Ports and Special Economic Zone

Acquired Company

Gopalpur Port Limited

AhmedabadOdishaTransportationMineralMining

Description

Adani Ports and Special Economic Zone (APSEZ) has announced the acquisition of a 95% stake in Gopalpur Port (GPL) located in Odisha, India, from the Shapoorji Pallonji Group (SP Group) for an equity value of Rs 1,349 crore and an enterprise value of Rs 3,080 crore. This strategic move is aimed at strengthening APSEZ's east coast presence and expanding its pan-India port network, enhancing its integrated logistics capabilities and supporting the industrial growth of the region.

Company Information

Company

Adani Ports and Special Economic Zone

Location

Ahmedabad, Gujarat, India

About

Gupta is globally recognised leader who has led customer solutions through electrification, autonomous driving and digital transformation technologies. Karan Adani, the newly appointed Managing Director, APSEZ hailed “His appointment is a strategic move to strengthen our global leadership position in the port sector. We are confident that his expertise, leadership skills and global exposure will drive exceptional growth and foster new international partnerships aligned with the Adani Group’s vision for expansion and innovation.”

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed