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Warburg Pincus arm to invest Rs 800 cr in Adani Ports

Sunday - March 7, 2021 9:27 pm , Category : BUSINESS
Mumbai, March 7 (IANS) Windy Lakeside Investment Ltd, a unit of Warburg Pincus, will invest Rs 800 crore in Adani Ports and Special Economic Zone Limited for a 0.49 per cent stake.
Adani Ports will allot up to 1 crore equity shares at Rs 800 per share, on a preferential basis.
The Board of Directors of Adani Ports on Sunday took the decision to issue up the 1 crore shares for an aggregate consideration of up to Rs 800 crore, the company said in a regulatory filing.
The board also approved the issue of notice convening an extraordinary general meeting (EGM) of the shareholders of the company to be held on April 6 through video conferencing.

--IANS rrb/sn/kr