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Warburg Pincus arm to invest Rs 800 crore in Adani Ports

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Warburg Pincus arm to invest Rs 800 crore in Adani Ports

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Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest Rs 800 crore in Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49 percent stake in the company, according to a regulatory filing.

Warburg Pincus arm to invest Rs 800 crore in Adani Ports
Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest Rs 800 crore in Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49 percent stake in the company, according to a regulatory filing.
The Board of Directors of APSEZ took the decision to issue up to 10 million equity shares to Windy Lakeside Investment Ltd (Windy) at a price of Rs 800 each (at a premium of Rs 798 per Equity Share), for an aggregate consideration of up to Rs 800 crore, APSEZ said in the notice issued to the exchanges.
The board approved the issue of the notice convening an extraordinary general meeting (EGM) of the shareholders to be held on April 6.
Earlier this week, APSEZ said it is acquiring Windy Lakeside Investment''s 31.5 percent stake in Gangavaram Port Ltd for Rs 1,954 crore.
The company also looks to acquire another 58.1 per cent share in GPL.
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