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Temasek purchases stake in Adani Ports

Temasek Holdings has acquired stake in Adani Ports and Special Economic Zone worth Rs.1,000 crore, through open market transactions.

The promoter entity of Adani Ports, S B Adani Family Trust, which is represented by Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani, divested the stake in the firm and the shares were bought by Camas Investments, which is an indirect wholly-owned subsidiary of Temasek.

Camas Investments bought approx 2.70 crore shares, representing 1.31% stake in the firm, at an average price of Rs.369.65 per share, making the total transaction worth Rs.1,000 crore.

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