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Adani Ports Sees Block Deal Worth ₹1,234 Crore As Shares Change Hands
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CNBC TV18•09-10-2026, 16:19
Adani Ports Sees Block Deal Worth ₹1,234 Crore As Shares Change Hands
- •Adani Ports and Special Economic Zone Ltd witnessed a block deal worth ₹1,234 crore with 70.5 lakh shares changing hands at ₹1,754 per share.
- •The stock closed at ₹1,760.50 on the National Stock Exchange, registering a 3.07% gain for the day.
- •Jefferies has maintained a Buy rating on the stock with a target price of ₹2,160.
- •The company recently incorporated a wholly owned subsidiary, Paradip Mahanadi Terminal Ltd, to develop and operate two dry bulk berths at Paradip Port.
- •Adani Ports reported strong financial health with Q1 net profit up 9.2% and cargo volumes reaching 280 MMT for the first half of FY27.
Key Questions Answered
A large block deal took place for Adani Ports and Special Economic Zone Ltd. on Friday, October 9, 2026, where 70.5 lakh shares amounting to about 0.3% of the company's equity changed hands for ₹1,234 crore at ₹1,754 per share.
Paradip Mahanadi Terminal Ltd. was incorporated as a wholly owned subsidiary on October 6 specifically to develop and operate two dry bulk berths at Paradip Port in Odisha, adding 18 MMT of cargo-handling capacity.
For the full fiscal year FY27, Adani Ports expects an EBITDA of ₹25,000 crore to ₹26,000 crore and total revenue ranging between ₹43,000 crore and ₹45,000 crore.
