{"id":284821,"date":"2025-04-18T09:51:59","date_gmt":"2025-04-18T09:51:59","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/18\/adani-to-sell-oz-terminal-to-his-port-co-for-2-billion-times-of-india\/"},"modified":"2025-04-18T09:52:00","modified_gmt":"2025-04-18T09:52:00","slug":"adani-to-sell-oz-terminal-to-his-port-co-for-2-billion-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/18\/adani-to-sell-oz-terminal-to-his-port-co-for-2-billion-times-of-india\/","title":{"rendered":"Adani to sell Oz terminal to his port co for $2 billion – Times of India"},"content":{"rendered":"
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MUMBAI: Billionaire industrialist Gautam Adani<\/a> intends to shift the ownership of an Australian port terminal to his publicly listed enterprise for $2 billion. The transaction involves Adani Ports<\/a> issuing preferential shares to Carmichael Rail and Port<\/a> Singapore Holdings, an entity under the Adani family’s control.
The preferential share issuance will result in Carmichael Rail acquiring a 6.2% stake in Adani Ports, becoming a promoter of the Mumbai-listed company. This will raise the total promoter shareholding in Adani Ports to 68 from 66%.
The non-monetary transaction is based on the valuation report issued by GT Valuation and SBI Capital Markets, Adani Ports said.
The North Queensland Export Terminal<\/a> in Australia was initially purchased by Adani Ports in 2011, and was later sold to the Adani family in 2013 for $2 billion. The terminal, with a yearly capacity of 50 million tonnes, is located at the Port of Abbot Point, which is operated by the Adani Group<\/a>. According to Adani Ports, the terminal presents opportunities for future green hydrogen exports.<\/div>\n<\/div>\n