Adani Ports gains 5%, hits new high on completing Dighi Port acquisition

Shares of Adani Ports and Special Economic Zone (APSEZ) hit a new high of Rs 670, up 5 per cent, on the BSE in intra-day trade on Wednesday after the company said it has completed the acquisition of 100 per cent stake of Dighi Port Limited (DPL) for Rs 705 crore on February 15, 2021.

APSEZ plans to invest over Rs 10,000 crore to develop the port into a multi-cargo port and investing in the development of rail and road evacuation infrastructure for seamless and efficient cargo movement. The company will strengthen and repair existing infrastructure and invest in the development