Adani Ports and Special Economic Zone (APSEZ) through its subsidiary, The Adani Harbour Services (TAHSL), has entered into a definitive agreement for acquisition of 100 percent stake in Ocean Sparkle (OSL), a third-party marine services provider.
The key activities carried out by the company include towage, pilotage, and dredging. With an asset base of 94 owned vessels and 13 third-party owned vessels, OSL is a market leader.
OSL is valued at an enterprise value of Rs 1,700 crore with Rs 300 crore of free cash in the company. The company has presence in all the major ports, 15 minor ports and all the three LNG terminals in India.