Transaction Overview

Adani Ports and Special Economic Zone Limited has successfully acquired 100% of the shares of Abbot Point Port Holdings Pte. Ltd. from Carmichael Rail and Port Singapore Holdings Pte Ltd. The acquisition is valued at ₹ 17,244 crores and will be executed without cash consideration, instead utilizing the issuance and allotment of equity shares via a preferential issue under the SEBI (ICDR) Regulations, 2018.

Details of the Acquisition Structure

The transaction involves a Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI) share swap arrangement, where Adani Ports will gain complete control of Abbot Point. The share subscription and purchase agreement was formally executed on April 17, 2025.

Conditions and Approvals

Completion of the transaction is contingent upon fulfilling customary conditions precedent, which include obtaining necessary approvals from various regulatory authorities as well as the shareholders of Adani Ports.

Legal Advisory Team

The deal was orchestrated by a dedicated team from Cyril Amarchand Mangaldas, led by:

• Ruetveij Pandya, Partner
• Paridhi Adani, Partner (Head – Ahmedabad)
• Subhalakshmi Naskar, Partner (Co-Head – Projects (Infrastructure))
• Molla Hasan, Partner

Further Legal Support

A comprehensive legal team assisted with the transaction, including:

• Vishvas Bharadwaj, Senior Associate
• Sana Sarosh, Associate
• Mansi Avashia, Associate
• Kajal Singhvi, Associate
• Anand Deshpande, Principal Associate
• Akshay Zaveri, Principal Associate
• Pauravi Kolhe, Associate
• Karma Shah, Associate

Competition Law Advisory

Regarding competition law matters, the advisory role was fulfilled by:

• Avaantika Kakkar, Partner
• Dhruv Rajain, Partner
• Supported by Rajat Sharma, Associate, Vrinda Gundam, Associate, Parth Mishra, Associate, and Varun S., Associate.