Warburg Pincus affiliate to invest Rs 800 crore in Adani Ports for 0.49% stake

MUMBAI: Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest Rs 800 crore in Adani Ports for a 0.49% stake in the company, according to a notice issued to the exchanges on Sunday. About 10 million equity shares will be allotted to the investment company at a price of Rs 800 each, Adani Ports informed, resulting in a premium of 6.7% on the stock’s last closing price. The stock of Adani Ports and Special Economic Zone Ltd closed at Rs 749.65 per share on the National Stock Exchange on Friday. An extraordinary general meeting (EGM) of the company’s shareholders will be held on 6 April to seek approval for the proposed preferential issue. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; localStorage.setItem('_tiluuid', _tiluuid); } } window.addEventListener('message', receiveMessage, false); document.getElementById("_tiluuid_frame").src="https://tilanalytics.timesinternet.in/frame_v3.min.html"; } /* User Identification Code End */ var urlParams = window.URLSearchParams && new URLSearchParams(window.location.search), optParam = urlParams.get && urlParams.get('opt'); var objSec = {template: 'articleshow_main', msid:'81377323', secNames: ['markets','stocks','news'],secIds:['2147477890','1977021501','2146842','2146843']}; var tmplName = tpName="articleshow_main",lang = '',nav_sec1,newHookId,subsec1_value,subsec1_common = '1977021501',newHookId2,subsec2_value,subsec2_common = '2146842'; var objVc = {version_on:'20210307171328',js_etsubscription:'1',js_onboarding_popup_sh:'7',js_comments:'111',js_googleslock:'782',js_googlelogin:'56',js_common_buydirect:'749',js_bookmark:'18',js_articleshow_main:'48',js_login:'48',js_datepicker:'2',js_electionsmn:'22',js_push:'54',css_buydirect:'14',js_tradenow:'19',js_commonall:'138',lib_login:'https://jssocdn.indiatimes.com/crosswalk/jsso_crosswalk_legacy_0.5.9.min.js',live_tv:'{"onoff_flag":"0","platform":"desktop","sections":["1977021501","1715249553","13352306","5575607","837555174","359241701","13357270","107115","897228639","7771250","1466318837"],"pages":"all","auto_open":"1","default_tv":"1","timePeriod":{"showTimeFlag":false,"fromTime":"","toTime":""}}',global_cube:'0',global_cube_wap:'0',global_cube_faces:'2',global_cube_fullad:'0',global_cube_landingon:'sensex',global_cube_wap_url:'https://m.economictimes.com/iframe_cube.cms',site_sync:'0',adx:'1',amazon_bidding:'0',js_newsltrpopup:'120',nlExpiry:'864000',nlReloadExpiry:'30',fan_ads:'0',plan_on_paywall:'0',trackAdCode:'0',ajaxError:'1',oauth:'oauth',planPage:"https://economictimes.indiatimes.com/plans.cms",planPageTest:'https://economictimes.indiatimes.com/plans.cms',subscriptions:'subscriptions',krypton:'kryptonp',apw:'apw',nlSubscribe:'etsub3'}; if(window.location.host == 'economictimes-pp.indiatimes.com') { objVc.oauth="oauth-pp"; objVc.krypton = 'krypton-pp'; objVc.subscriptions="subscriptions-pp"; objVc.apw = 'apw-pp'; } var objDim = {d52:'nature_of_content',d96:'continuous_paywall_hits',d95:'monthly_article_count',d10:'user_login_status_hit',d54:'content_shelf_life',d98:'daily_paid_article_count',d53:'content_target_audience',d97:'monthly_paid_article_count',d12:'tags_meta_keyword',d56:'degree_of_conten',d11:'content_theme_the_primary_tag',d55:'content_tone',d14:'special_coverage',d58:'et_product_item',d13:'article_publish_time',d16:'video_embed',d15:'audio_embed',d59:'show_paywall_final',d61:'paywall_probability',d60:'paywall_score',d63:'paid_articles_read',d62:'eligibility_paywall_rule',d65:'bureau_articles_read',d20:'platform',d64:'free_articles_read',d23:'author_id',d67:'loyalty',d66:'article_length',d25:'page_template',d24:'syft_initiate_page',d68:'paywall_hits',d27:'site_sub_section',d26:'site_section',d29:'section_id',d28:'prime_deal_code',d70:'us_election_2020',d72:'paywall_experiment',d71:'plan_group_id',d32:'prime_article_read_before_syft',d75:'watchlist_active_status',d34:'content_age',d33:'prime_article_read_before_success',d36:'sign_in_initiation_position',d35:'subscription_method_hit',d37:'user_subscription_status',d1:'et_product',d2:'blocker_type',d3:'user_login_status_hit',d4:'agency',d5:'author_name',d6:'cms_content_publishing_type',d7:'content_personalisation_level',d8:'article_publish_date',d9:'sub_section_name',d40:'freeread',d45:'prime_hp_ui_template',d47:'prime_hp_ui_content_b_color',d46:'prime_hp_ui_content_size',d49:'syft_initiate_position',d48:'content_msid',d92:'last_click_source',d50:'signin_initiate_page',d94:'daily_article_count',d93:'internal_source'};var serverTime="03.07.2021 17:14:02";var WRInitTime=(new Date()).getTime(); (function () {if (self !== top) {var e = function (s) {return document.getElementsByTagName(s)}; e("head")[0].innerHTML = '*{display:none;}'; setTimeout(function () {e("body")[0].innerHTML = ''; var hEle = e("html")[0]; hEle.innerHTML = 'economictimes.indiatimes.com'; hEle.className=""; top.location = self.location; }, 0);}})(); _log = window.console && console.log ? console.log : function () {}; // Creating Elements for IE : HTML 5 and cross domain checks (function () { var elem = ["article", "aside", "figure", "footer", "figcaption", "header", "nav", "section", "time"]; for(var i=0; i -1) { window[disableStr + '-' + gaProperty] = true; } ga('set', 'anonymizeIp', true); ga('create', gaProperty, 'auto', {'allowLinker': true}); ga('require', 'linker'); ga('linker:autoLink', ['economictimes.com']); ga('require', 'displayfeatures'); window.optimizely = window.optimizely || []; window.optimizely.push("activateUniversalAnalytics"); ga('require', 'GTM-WV452H7'); customDimension.dimension1 = "ET Free"; customDimension.dimension4 = "ET Bureau"; customDimension.dimension6 = "Native - 81377323"; customDimension.dimension8 = "Mar 07, 2021"; customDimension.dimension9 = "Stocks"; customDimension.dimension12 = "Adani Ports share price,warburg pincus,Adani Ports & Special Economic Zone Ltd.,Adani Ports shares,Adani Ports stock price"; customDimension.dimension13 = "04:51 PM IST"; customDimension.dimension15 = "No"; customDimension.dimension16 = "No"; (function () { var a = window.localStorage && localStorage.getItem('et_syftCounter') || ''; a = a && JSON.parse(a) || {}; if(a.beforeSyft && customDimension) { customDimension.dimension32 = a.beforeSyft; } if(a.afterSyft) { customDimension.dimension33 = a.afterSyft; } })() var contentAge="0.0002314814814814815"; if(contentAge) { customDimension.dimension34 = contentAge > 2 ? '>48hs':'

Warburg Pincus affiliate to invest Rs 800 crore in Adani Ports for 0.49% stake

Read Next

IATA director general raises concerns over India’s air traffic congestion amidst aviation growth

Indian billionaires’ wealth up 42% in last financial year, says report

RBI cuts CRR 50 bps, trims FY25 GDP forecast to 6.6%

No auctions for satcom companies, but will drive ‘level-playing field’ with incumbent telcos: Government

Centre decides to shift GDP base year to 2022-23 from 2011-12, forms panel: Why it matters

IATA director general raises concerns over India’s air traffic congestion amidst aviation growth

Indian billionaires’ wealth up 42% in last financial year, says report

RBI cuts CRR 50 bps, trims FY25 GDP forecast to 6.6%

No auctions for satcom companies, but will drive ‘level-playing field’ with incumbent telcos: Government

Centre decides to shift GDP base year to 2022-23 from 2011-12, forms panel: Why it matters

Tragic Loss: Telangana Farmer Dies by Suicide Due to Old Coin Cyber Fraud | Hyderabad News

Bandi Alleges Secret Pact Between Revanth Reddy and KTR |

Anant Ambani Radhika Merchant Pre Wedding | Bollywood Stars In Jamnagar For Ambani Wedding | N18V

Google Reportedly Working on Fast Pair Setup for New Android Phones, May Debut on Samsung Galaxy S23 Series

Sidharth Malhotra And Kiara Advani Look Stunning Together

Assembly Elections 2021: How to Check for Your Name on Voter List Online

Read Next

IATA director general raises concerns over India’s air traffic congestion amidst aviation growth

Indian billionaires’ wealth up 42% in last financial year, says report

RBI cuts CRR 50 bps, trims FY25 GDP forecast to 6.6%

No auctions for satcom companies, but will drive ‘level-playing field’ with incumbent telcos: Government

Centre decides to shift GDP base year to 2022-23 from 2011-12, forms panel: Why it matters

PSU privatisation: Privatisation drive: Strategy to avoid accident along the execution line

Trade Setup: Nifty to find resistance at 15,200-15,275 levels; protect profits

Related Articles

Tragic Loss: Telangana Farmer Dies by Suicide Due to Old Coin Cyber Fraud | Hyderabad News

Bandi Alleges Secret Pact Between Revanth Reddy and KTR |

Anant Ambani Radhika Merchant Pre Wedding | Bollywood Stars In Jamnagar For Ambani Wedding | N18V

Google Reportedly Working on Fast Pair Setup for New Android Phones, May Debut on Samsung Galaxy S23 Series

Sidharth Malhotra And Kiara Advani Look Stunning Together

Assembly Elections 2021: How to Check for Your Name on Voter List Online