Adani acquires India's largest marine services co Ocean Sparkle for Rs 1,530 cr
Freeonlineupdate.com
OSL is valued at an enterprise value of Rs1,700 crore with 300 crore of free cash in the company.
The Company has presence in all the major ports, 15 minor ports and all the 3 LNG terminals in India.
OSL has built and deployed a team of 1,800 personnel across India.
The Company has significant experience in global maritime servicing through its operations in Oman, Saudi Arabia, Sri Lanka, Qatar, Yemen and Africa.
APSEZ will pay Rs 1,135.30 crore for 75 per cent stake of OSL
Ocean Sparkle will become a wholly-owned subsidiary of Adani Harbour Services.
Karan Adani, CEO and Whole-time Director, APSEZ
APSEZ aims to become the largest port operator globally by 2030 and largest integrated transport utility in India.
The company is expected to have revenue of ~ Rs 600 crore