Adani closing in to buy ​Shapoorji Pallonji Group's Gopalpur Ports in Odisha

SP Group owns 56% of the all-weather deep-draft port. Due diligence underway; Upto Rs 1200 cr equity valuation likely. Port also has long-term bank facilities of Rs 1,432 crore, as on Feb 23. Proceeds from asset sale will go toward repaying debenture holders .

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