The company in a statement said the existing promoters of Astro will hold the remaining 20 per cent stake.
"APSEZ has entered into a definitive agreement to acquire 80 per cent stake in Astro, in an all-cash deal for $185 million, implying an EV of $235 million and EV/ FY25E EBITDA at 4.4x. The transaction is expected to be value accretive from the first year itself, it said.
According to the statement, incorporated in 2009, Astro is a leading global OSV operator in the Middle East, India, Far East Asia and Africa.
Diese Geschichte stammt aus der New Delhi 31August2024-Ausgabe von Millennium Post Delhi.
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Diese Geschichte stammt aus der New Delhi 31August2024-Ausgabe von Millennium Post Delhi.
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MADHYA PRADESH TRANSFORMATIVE INTERLINKAGES
Under the inspiring leadership of Prime Minister Narendra Modi and Chief Minister of Madhya Pradesh Dr. Mohan Yadav, the launch of Ken-Betwa and Modified Parvati-Kalisindh-Chambal river-linking projects fulfills former PM Atal Bihari Vajpayee's grand vision of transforming drought-prone regions with sustainable irrigation and drinking water facilities, alongside heralding economic growth for Bundelkhand, Malwa, and Chambal, among others
'ACTING IS LIKE PLAYING A SPORT'
Shweta Tripathi Sharma counts Ali Fazal, Vicky Kaushal and Vijay Varma among her favourite co-stars
Checkmate!
I was going to press it for as long as I could possibly press, but I thought, 'It's OK. We are going to play for five, six hours. It's going to end in a draw, and let's focus on the tiebreaks.' But then suddenly after Rf2, I saw [the game] was actually done. I was already preparing myself to go through that huge tiebreak fight and suddenly it was all over and I had achieved my dream. I'm not someone who shows a lot of emotions, but I think this one can be forgiven.\"
Fragile frontiers
India's flawed foreign policies and China's strategic influence have shifted regional dynamics in South Asia, resulting in amplification of security challenges, insurgencies, and geopolitical vulnerabilities, particularly in the Northeast and along the borders of certain neighbouring countries
SURVIVAL BEYOND FRACTURED FENCES
Bhaskar Roy's lyrical prose in the novel 'Border Crossers' evocatively explores the questions of identity, resilience, and socio-political strife through the intertwined lives of diplomat Arijit Basu, his fiancée Nandita Kapoor, and an undocumented Bangladeshi migrant navigating the fraught India-Bangladesh borderlands
Man City's free-fall goes on; goals galore for Bayern Munich
Goals from Jhon Duran and Morgan Rogers at Villa Park consigned the four-time defending champion to a ninth defeat in 12 games in a season that is unravelling.
ISL: Fab four for EB, Mumbai climb to 4th
Nikolaos Karelis' early strike earned Mumbai City FC a 1-0 victory over Chennaiyin FC in the Indian Super League here on Saturday before East Bengal FC triumphed over Jamshedpur FC 1-0 in Kolkata for their fourth win in last five games.
Out of Order at the Top
Jadeja urges top-order to fire in Boxing Day Test against Australia
After T20 breeze vs Windies, India turn focus to ODIs
MUZUMDAR SAYS HARMANPREET WILL BE FINE FOR THE SERIES
France's court convicts 8 people of involvement
TEACHER'S BEHEADING
