APSEZ’s Strategic Move: 80% Stake in Astro Offshore

• Adani Ports acquires 80% of Astro Offshore for $185 million.
• Astro Offshore adds 26 vessels to Adani’s fleet.
• Adani Ports receives a ‘AAA’ credit rating.

Adani Ports and Special Economic Zone Ltd (APSEZ), the logistics arm of the Adani Group, has signed an agreement to acquire an 80% stake in Astro Offshore, a global offshore support vessel (OSV) operator, reports Fortune India.

The acquisition, valued at $185 million, positions APSEZ to expand its...

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