Shares of Adani Ports rise on completion of Dhamra Port acquisition

Jun 24 2014, 12:32 IST
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Two other companies of Gautam Adani-led group -- Adani Enterprises and Adani Power -- also saw rally in their shares. Two other companies of Gautam Adani-led group -- Adani Enterprises and Adani Power -- also saw rally in their shares.
SummaryThe stock rose to a high of Rs 242 in the opening trade and was trading with a gain of 2 per cent at Rs 240.70.

Shares of Adani Ports and Special Economic Zone Ltd today rose on the back of the company announcing completion of its Dhamra Port takeover.

The stock rose to a high of Rs 242 in the opening trade and was trading with a gain of 2 per cent at Rs 240.70 around the mid-day after paring some initial gains at the BSE.

The company yesterday announced that it has completed the acquisition of 100 per cent stake in Dhamra Port from L&T Infrastructure Development Projects Limited and Tata Steel.

Two other companies of Gautam Adani-led group -- Adani Enterprises and Adani Power -- also saw rally in their shares.

Adani Enterprises was up 2.25 per cent at Rs 463.90, while Adani Power rose by nearly 2 per cent to Rs 60.15 by mid-day.

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