According to media sources, Adani Ports and Special Economic Zone (APSEZ) announced on Friday the acquisition of an 80 percent stake in the global offshore support vessel operator, Astro Offshore, for $185 million (around INR 1,551 Crore) through an all-cash deal.
Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity. The port facilities are equipped with the latest cargo-handling infrastructure which is not only best-in-class, but also capable of handling the largest vessels calling at Indian shores.
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