AHMEDABAD : Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest Integrated Transport Utility, has successfully completed the acquisition of 100% interest in NQXT Australia pursuant to completion of all condition precedents, including approvals from ‘majority of minority’ shareholders, Reserve Bank of India, Foreign Investment Review Board of Australia, amongst others. APSEZ has allotted 14,38,20,153 equity shares of face value ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd on a preferential basis.

“Closure of NQXT’s acquisition is a significant milestone in APSEZ’s growth . . .