Adani Enterp.

2452.5 27.20

Adani Ports

1390.7 28.60

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6940.5 14.50

Asian Paints

2341.6 -14.80

Axis Bank

1208.2 5.20

Bajaj Auto

8004 -35.50

Bajaj Finance

9145 126.50

Bajaj Finserv

2036.1 -14.30

Bharat Electron

335 12.20

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1849.9 -20.90

Cipla

1517.1 5.50

Coal India

397.95 2.45

Dr Reddy's Labs

1217 21.40

Eicher Motors

5437.5 -82.50

Eternal Ltd

233.99 -5.51

Grasim Inds

2713.9 -28.90

HCL Technologies

1643.6 -26.70

HDFC Bank

1940.2 -17.00

HDFC Life Insur.

734.2 -0.40

Hero Motocorp

3971.3 -13.60

Hind. Unilever

2379.8 -2.70

Hindalco Inds.

639.5 -12.45

ICICI Bank

1438 -10.50

IndusInd Bank

783.2 -5.30

Infosys

1587.5 -39.40

ITC

432.7 -2.80

JSW Steel

993.3 -11.90

Kotak Mah. Bank

2123.6 -21.40

Larsen & Toubro

3603 15.80

M & M

3097.8 -6.90

Maruti Suzuki

12567 -49.00

Nestle India

2365.5 -18.30

NTPC

347.75 -0.80

O N G C

242.6 -1.42

Power Grid Corpn

304.15 -4.90

Reliance Industr

1433.9 -2.60

SBI Life Insuran

1736 -15.50

Shriram Finance

638.35 -7.60

St Bk of India

804.85 3.20

Sun Pharma.Inds.

1701.7 15.50

Tata Consumer

1131.5 -14.10

Tata Motors

718.55 -2.25

Tata Steel

150.57 -1.06

TCS

3571.9 -48.50

Tech Mahindra

1589.9 16.80

Titan Company

3568.7 5.80

Trent

5346.5 -94.50

UltraTech Cem.

11701 -35.00

Wipro

253.35 -3.93

Corporate News - Detailed News Back
Adani Ports receives NCLT approval for acquisition of Karaikal Port
01-Apr-23   18:19 Hrs IST
Adani Ports & Special Economic Zone announced that the resolution plan of Karaikal Port (KPPL) submitted by the Adani Ports and Special Economic Zone (APSEZ), and as approved by the Committee of Creditors of Karaikal Port, has been approved by the Hon'ble National Company Law Tribunal, Chennai Bench (NCLT) vide its written order dated 31 March 2023.

In accordance with the approved resolution plan:

- KPPL has allotted to APSEZ 1,000,000 (Ten Lakhs) equity shares of Rs. 10 each, for cash, aggregating Rs. 10,000,000 (One crore) on March 31, 2023.

- All the equity shares issued prior to the approval of the Resolution Plan have been cancelled.

- After such cancellation and post allotment of equity shares of KPPL to APSEZ, KPPL has become wholly owned subsidiary of APSEZ.

- Under the resolution plan APSEZ to infuse Rs. 1485 crore for upfront payment to financial creditors.

Karaikal Port is an all-weather deep-water port developed on Build, Operate and Transfer (BOT) format under Public Private Partnership (PPP) in terms of the concession awarded by the Government of Puducherry in 2006. Commissioned in April 2009, the port has an area of ~600 acres and is the only major port between Chennai & Tuticorin.

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