 "Adani Ports, APSEZ")
The stock of Adani Ports and Special Economic Zone went up 3 per cent on Friday, after the
company announced that it was buying Ocean Sparkle, a leading third-party marine services provider, at an enterprise valuation of Rs 1,700 crore.
Ocean Sparkle is a leading player in towage, pilotage, and dredging with an asset base of
94 own vessels and 13 third-party vessels. The company, with Rs 300 crore of free cash, was established in 1995 by a group of marine technocrats with P Jairaj Kumar as chairman. Kumar will continue as chairman of the OSL board.
According to the plan, The Adani Harbour
