Adani Ports & Special Economic Zone : Disclosure of other UPSI/material event

Ref No: APSEZL/SECT/2022-23/43

August 16, 2022

BSE Limited

National Stock Exchange of India Limited

Floor 25, P J Towers,

Exchange Plaza,

Dalal Street,

Bandra Kurla Complex,

Mumbai - 400 001

Bandra (E), Mumbai - 400 051

Scrip Code: 532921

Scrip Code: ADANIPORTS

Adani Ports and Special Economic Zone Ltd

Tel +91

79 2656 5555

Adani Corporate House, Shantigram,

Fax +91

79 2555 5500

Nr. Vaishno Devi Circle, S. G. Highway,

www.adaniports.com

Khodiyar, Ahmedabad - 382421

Gujarat, India

CIN: L63090GJ1998PLC034182

Sr.

Particulars

Disclosures

No.

a)

Name of the target entity,

Title, rights, interest, ownership and the

details in brief such as size,

operations of Inland Container Depot ("ICD")

turnover etc.

cum Private freight terminal situated at

Survey Nos. - 44/1, 44/1/1P, 44/1/2P, situated

at Tumb Village, Taluka Umbergaon, Dist

Valsad, Gujarat- 396150 as a going concern,

on an "as is where is" basis ("Business

Undertaking") of Navkar Corporation Limited.

The turnover of the Business Undertaking as

on last financial year ended March 31, 2022

was Rs 403.28 crore.

b)

Whether

the

acquisition

No.

would

fall within related

party transactions?

c)

Industry to which the entity

Logistics

being acquired belongs

d)

Objects

and

effects

of

Inland Container Depot ("ICD") cum Private

acquisition

freight terminal being acquired is

strategically located between Hazira Port &

Nhava Sheva Port and serves as a multi modal

logistics hub for surrounding industrial units

of GIDCs and MIDCs.

Acquisition in line with strategy to build

integrated transport utility and pan India

logistics infrastructure and Tumb adds to the

existing seven multimodal logistics parks in

the Adani Logistics portfolio.

e)

Brief

details

of

any

Not Applicable

governmental or regulatory

approvals

required for

the

acquisition

Adani Ports and Special Economic Zone Ltd

Tel +91 79 2656 5555

Adani Corporate House, Shantigram,

Fax +91 79 2555 5500

Nr. Vaishno Devi Circle, S. G. Highway,

www.adaniports.com

Khodiyar, Ahmedabad - 382421

Gujarat, India

CIN: L63090GJ1998PLC034182

f)

Indicative

time period

for

Subject to satisfactory completion of the

completion

of

the

condition precedent by the parties, as set out

acquisition

in the Transaction Documents, the Parties

shall endeavour to close the transaction on or

before December 31, 2022 ("Long Stop

Date").

g)

Nature of

consideration -

The lump sum consideration to be paid by the

whether cash consideration

ALL against acquisition of Business

or share swap and details of

Undertaking from the seller as a going

the same

concern, on an "as is where is" basis will be Rs.

835 crore (Rupees Eight Hundred Thirty Five

Crore) subject to closing adjustment.

h)

Cost of acquisition or the

Not Applicable

price at which the shares

are acquired

i)

Percentage of shareholding

Not Applicable as ALL is acquiring Business

/ control acquired and / or

Undertaking

number of shares acquired

j)

Brief background about the

Navkar Corporation Limited is in the business

entity acquired in terms of

of operation and development of Container

products/line of business

Freight Stations, Inland Container Depots and

acquired,

date

of

other Logistics Solution.

incorporation, history of last

ALL is acquiring Inland Container Depot

3 years turnover, country in

which the

acquired entity

("ICD") cum Private freight terminal situated

has presence and any other

at Tumb Village, as a going concern, on an "as

significant

information

(in

is where is" basis.

brief)

Adani Ports and Special Economic Zone Ltd

Tel +91

79 2656 5555

Adani Corporate House, Shantigram,

Fax +91

79 2555 5500

Nr. Vaishno Devi Circle, S. G. Highway,

www.adaniports.com

Khodiyar, Ahmedabad - 382421

Gujarat, India

CIN: L63090GJ1998PLC034182