Mumbai - Adani Ports and Special Economic Zone announced on Friday that it has completed the acquisition of a 95% stake in Gopalpur Port Ltd. from existing shareholders. This acquisition follows a definitive agreement signed on March 25.

According to the company’s filing from March, the acquisition is such that APSEZ will acquire 56% of the stake from SP Port Maintenance Private Ltd. and approximately 39% from Orissa Stevedores Ltd. The total consideration for the stake amounts to Rs 1,349 crore, with the enterprise value of GPL estimated at Rs 3,080 crore, subject . . .