|
| Exchange Disseminated Time 02/07/2016 17:32:11 | Adani Ports and Special Economic Zone Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 02, 2016, inter alia, have accorded an in-principle approval for exploring the acquisition of TM Harbour Services Private Limited which is engaged solely in providing Tug Services to The Dhamra Port Company Ltd. (DPCL), a wholly owned subsidiary of the Company.
This is for bringing in effective and efficient marine services to DPCL The acquisition is subject to due diligence, final negotiations between the parties and obtaining of requisite regulatory approvals.
The Company will be providing further information once the due diligence is complete and the share purchase agreement is executed.
The Board Meeting commenced at 4:30 p.m. and concluded at 5:00 p.m. |
|
|