Adani Ports and Special Economic Zone Limited has informed the Exchange about Addendum to Valuation Report
ADANIPORTS · price
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Adani Ports has filed an addendum to the valuation report for its preferential issue of 14.38 crore equity shares (face value Rs 2 each) to Carmichael Rail and Port Singapore Holdings Pte. Ltd. (CRPSHPL), as non-cash consideration for acquiring 100% of Abbot Point Port Holdings. The shares were valued at Rs 1,199 per share in the original April 17, 2025 valuation. The addendum, dated June 12, 2025, was issued after discussions with the stock exchange and clarifies that even under the DCF (income) method, the per-share value of the company is lower than the SEBI ICDR minimum price, so the original Rs 1,199 per share valuation is retained. The Board approved the issue on April 17, 2025, and shareholders approved it at the EGM on May 15, 2025.
This is a procedural clarification with no change in the issue price or terms. The acquisition of Abbot Point Port from CRPSHPL via a non-cash share swap moves forward, and shareholders should note a small equity dilution (14.38 crore new shares) once the preferential issue is executed.