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Temasek unit acquires stake worth $147m in India’s Adani Ports

Tuesday, 03 July 2018 | 16:00

Singapore state investment firm Temasek Holdings, via its indirect wholly-owned subsidiary Camas Investments, has acquired a stake worth Rs 1,000 crore ($147 million) in Adani Ports and Special Economic Zone (APSEZ) through open-market transactions, as per block deal data available with BSE.

Camas picked up a little over 27 million shares, equating to a 1.31 per cent stake in Adani Ports, from promoter entity S.B. Adani Family Trust, represented by Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani.

The stake was acquired at an average price of ₹369.65 apiece, the data showed.

The transaction took place a day after Adani Ports executed a share purchase agreement with Larsen and Toubro Ltd. to acquire 97 per cent stake in Marine Infrastructure Developers Pvt. Ltd., the developer and operator of Kattupalli Port near Chennai, for ₹1,950 crore.

Last month, Camas announced an investment of Rs 1,000 crore in Jaipur-based AU Small Finance Bank.
Source: Deal Street Asia

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