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Adani Ports Says It Can Easily Acquire ‘Strategic’ Target Concor

  • Should be easily able to do this acquisition: Adani Ports CEO
  • Indian government is paring its stake in the logistics firm
Operations at a Concor depot in New Delhi.

Operations at a Concor depot in New Delhi.

Photographer: Amit Bhagava/AFP/Getty Images

Adani Ports & Special Economic Zone Ltd. expects to easily raise funds, without weakening its financial health, to acquire state-owned logistics firm Container Corp. of India Ltd., or Concor, in which the government is looking to divest its shareholding.

“Concor is a very strategic acquisition,” Chief Executive Officer Karan Adani said in an Aug. 3 call with analysts, which was confirmed by an Adani spokesman on Thursday. By raising funds “without stretching the balance sheet, we should easily be able to do that acquisition,” he said.