Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest ₹800 crore ($109 million) in India’s largest private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49% stake in the company, according to a regulatory filing.
About 10 million equity shares of face value of ₹2 per share will be allotted to the investment company at a price of ₹800 each, said Adani Ports.
Adani Ports and Special Economic Zone Ltd’s scrip on BSE closed at ₹749.65 apiece on Friday. This means a premium of 6.7% will be added to the shares allotted to Windy Lakeside Investment.
Source: Deal Street Asia
By Aparna Banerjea
