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| Exchange Disseminated Time | Adani Ports and Special Economic Zone Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2013, inter alia, had approved the followings:
- To focus on the high growth Indian Ports & Logistics Sector and maintain its leadership position in India, the Board of Adani Ports and Special Economic Zone Limited ("APSEZ") has in-principle decided to divest its significant stake in entities controlling the Abbot Point Coal Terminal in Queensland, Australia to the Adani family, subject to requisite approvals, formalities and clearances, at a valuation determined by an independent valuer.
This divestment will further enhance the financial strength of APSEZ in order to pursue its plans to acquire / set up new ports & logistics assets in India. |
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