Adani Ports share price: Jefferies maintains buy rating with price target of Rs 670
Adani Ports and SEZ Related Party Transaction Appears Expensive and Gangavaram Value-Accretive. The group transaction will be completed only if the majority of the minority shareholders approve. The implied 10.2x FY21E PB multiple for the rail company compares with Adani Ports’ 5.0x PB and Container Corp’s 3.4x PB.
Adani Ports has acquired Warburg Pincus’ stake and is looking to buy out the promoter's 58.1% stake in the future: Reuters