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MUMBAI: Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest Rs 800 crore in Adani Ports for a 0.49% stake in the company, according to a notice issued to the exchanges on Sunday.
About 10 million equity shares will be allotted to the investment company at a price of Rs 800 each, Adani Ports informed, resulting in a premium of 6.7% on the stock’s last closing price.
The stock of Adani Ports and Special Economic Zone Ltd closed at Rs 749.65 per share on the National Stock Exchange on Friday.
An extraordinary general meeting (EGM) of the company’s shareholders will be held on 6 April to seek approval for the proposed preferential issue.
About 10 million equity shares will be allotted to the investment company at a price of Rs 800 each, Adani Ports informed, resulting in a premium of 6.7% on the stock’s last closing price.
The stock of Adani Ports and Special Economic Zone Ltd closed at Rs 749.65 per share on the National Stock Exchange on Friday.
An extraordinary general meeting (EGM) of the company’s shareholders will be held on 6 April to seek approval for the proposed preferential issue.
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