The merger, which has an appointed date of April 1, 2021 and is subject to NCLT approval, is expected to conclude by March 31, 2022.
The 10.4 per cent equity shareholding would be acquired from the government of Andhra Pradesh, according to a combination notice filed with the regulator.
The country's largest integrated logistics player had clocked a consolidated net profit of Rs 757.83 crore in the corresponding period a year earlier, according to a regulatory filing.
Norwegian pension fund KLP is divesting from Adani Ports and Special Economic Zone Limited citing the company’s links with the Myanmar military.
Friday's marginal gain is a relief for the port-to-energy conglomerate whose six listed stocks had fallen 9-22 per cent in the first four days of this week.
Shares of Adani Enterprises on Monday crashed 25 per cent intra-day to Rs 1,201 on the BSE. Similarly, Adani Ports and Special Economic Zone (APSEZ) plummeted 19 per cent during the day.
Adani Enterprises tumbled 24.99 per cent to Rs 1,201.10, Adani Ports and Special Economic Zone plummeted 18.75 per cent to Rs 681.50 on the BSE.
It added, 'The write-down will not materially impact APSEZ, as it is equivalent to about 1.3 per cent of the total assets.'
Adani Ports and Special Economic Zone in March had announced it would acquire controlling interest in Gangavaram Port from DVS Raju and family for Rs 3,604 crore.
The land acquisition for developing a port in the main city of Yangon was facilitated by the agency under Aung San Suu Kyi's government, Adani Group had said.
Adani Ports and Special Economic Zone Limited (APSEZ) on Monday announced the acquisition of the residual 25 per cent stake in Krishnapatnam Port for Rs 2,800 crore.
The GPL handles a diverse mix of dry and bulk commodities, including coal, iron ore, fertilisers, limestone, bauxite, sugar, alumina and steel.