Adani Ports expands its footprint in Andhra Pradesh

1 Feb 2022 , 01:31 AM

Adani Ports Special Economic Zone announced that its wholly owned subsidiary Adani Krishnapatnam Port has signed share purchase agreement on 28 January 2022 with Seabird Marine Services to acquire 100Percentage stake of Seabird Distriparks Krishnapatnam for a consideration of Rs 1922 crore Seabird Distriparks is engaged in the business of owning operating and maintaining Container Freight Station which are facilities set up for the purpose of in-transit container handling examination assessment of cargo with respect to customs clearances both export and import The investment is in line with the companys strategy to increase its footprint in Andhra Pradesh