Adani Ports agrees to acquire L&T subsidiary for US$280 million

Adani Ports agrees to acquire L&T subsidiary for US$280 million

Larsen & Toubro (L&T) has disclosed to the stock exchange that it has entered a share purchase agreement regarding the sale of a 97% stake in Marine Infrastructure Developers Private Limited (MIDPL), which is responsible for the  construction, maintenance, development and operation of Kattupalli Port, to Adani Ports and Special Economic Zone Ltd ​(APSEZ).

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