Shares of Adani Ports surged 10% on June 3. The rise follows a 30-year deal with Tanzania Ports Authority for Dar es Salaam Port.
East Africa Gateway Ltd acquires a 95% stake in TICTS from Hutchison Port Holdings for $39.5 million.
The concession aligns with APSEZ’s goal of becoming a top global port operator by 2030, says MD Karan Adani.
Adani Ports shares traded 10% higher at Rs 1,581.10 on NSE, with a 50% rally this year, outperforming Nifty 50's 3.6% rise.