Fitch Ratings pointed out that nearly 50% of APSEZ's cargo is considered sticky.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
McPhy Energy is a French company.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
In the last privatisation round, the company had won bids to operate 6 airports of Guwahati, Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangaluru.
Markets expecting 25 basis point interest rate hike from Federal Reserve.
Green Hydrogen will be used for generating power for Indian Army.