A meeting of the company's board of directors will be held on July 12 to consider raising funds by way of issuance of dollar-denominated foreign currency bonds which may be issued in one or more tranches overseas, APSEZ is in a regulatory filing to the BSE.
CLSA said InnovativeB2B Logistics will add 34 percent to company's rail volume and 49 percent to revenue. "Adani Ports and InLogistics combined is set to become the number one private rail logistics player.
At 1252 hrs, APSEZ was quoting Rs 377.55, up 3.24 The multi-port operator has a portfolio of eight ports/terminals across India
The buyback will be done in one or more tranche through negotiated deals as may be agreed, it said.
Axis Capital said the acquisition of Adani Agro Logistics at an enterprise value of Rs 1,662 crore is expensive, due to which the free cash flow generation has taken the backseat.
Citi has downgraded Adani Ports to neutral from buy, saying that the acquisition appears expensive and raised questions on capital allocation of the company
"Adani Ports and Special Economic Zone Ltd (APSEZ) successfully concluded the import and dispatch of 50 General Electric Transportation (GE) locomotives from Mundra port for the Indian Railways with full customer satisfaction and ‘zero' incident.
The company's consolidated income also decreased to Rs 2,703.86 crore during quarter under review, from Rs 2,959.63 crore in the year-ago period.
Temasek Holdings was among large institutional buyers in the recent promoter stake sale.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports and Special Economic Zone, National Aluminium Company, Dr Reddy's Laboratories and Gujarat State Petronet Limited and can sell Jet Airways and Mahindra & Mahindra.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC and hold Adani Ports and Special Economic Zone while can sell PVR and Ajanta Pharma and avoid Lupin.
According to Sudarshan Sukhani of s2analytics.com, one can buy Adani Ports and Special Economic Zone and Vedanta and sell Fortis Healthcare, Amara Raja Batteries and Castrol India.
Sudarshan Sukhani of s2analytics.com suggests buying HDFC, HDFC Bank, PC Jeweller, Bharti Infratel and Adani Ports and Special Economic Zone and advises selling Torrent Power and Ajanta Pharma.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Motherson Sumi Systems, LIC Housing Finance and Bata India and can sell Tata Power Company.
The agency expects the proceeds to be primarily used for refinancing the company's outstanding debt and capital expenditure.
Ashwani Gujral of ashwanigujral.com suggests buying UPL, Dr Reddy's Laboratories and Adani Ports and Special Economic Zone.
Sudarshan Sukhani of s2analytics.com suggests selling IndusInd Bank, Torrent Pharmaceuticals and Coal India and advises buying Adani Ports and Special Economic Zone and Escorts.