Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Addendum to Valuation Report
Awaiting price reaction for this filing.
Adani Ports and SEZ has filed an addendum to the valuation report for its preferential issue of 14,38,20,153 equity shares (face value INR 2 each) to Carmichael Rail and Port Singapore Holdings Pte. Ltd. (CRPSHPL). The shares are being issued as consideration other than cash for acquiring 100% of Abbot Point Port Holdings Pte. Ltd. from CRPSHPL. The Board approved the issue on April 17, 2025, and shareholders approved it at an EGM on May 15, 2025. The registered valuer, using the DCF method, confirmed that the DCF-based value per share is lower than the floor price prescribed under SEBI's preferential issue pricing rules. Accordingly, the valuer retained the issue price of INR 1,199 per equity share as determined in the original April 17, 2025 valuation report.
This is a procedural regulatory disclosure clarifying the valuation methodology for the preferential issue. The issue price of INR 1,199 per share remains unchanged, and the addendum essentially supports the fairness of the pricing, which is positive for transparency but has no direct impact on the stock price.