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Adani Ports and SEZ completes acquisition of KPCL for Rs 12,000 cr

In FY21, the port is expected to generate an EBITDA of approximately Rs.1,200 crore resulting in an acquisition EV/ EBITDA multiple of 10x

Topics
Adani Ports | Adani Ports and Special Economic Zone

Dev Chatterjee  |  Mumbai 



adani ports,
KPCL operates a multi-cargo facility port situated in the southern part of Andhra Pradesh.

In one of the biggest acquisitions in logistics segment, and Special Economic Zone Limited (“APSEZ”), India’s largest port developer, today completed the acquisition of Krishnapatnam Port Company Ltd., (KPCL) for an enterprise valuation of Rs. 12,000 crore. APSEZ will buy a controlling stake of 75 per cent in KPCL from the CVR Group and other investors.

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First Published: Mon, October 05 2020. 09:03 IST

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