Port of Return! Adani company to buy Australian terminal from promoter family

Adani Ports & Special Economic Zone (APSEZ) is set to reacquire North Queensland Export Terminal (NQXT) in Australia from the Adani family for $2 billion. This non-cash deal, approved by the APSEZ board, aims to consolidate port assets and bolster overseas expansion. APSEZ will issue new equity shares, increasing the promoters’ stake.

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