Adani Ports & Special Economic Zone announced that the Board of Directors of the Company at its meeting held on 04 June 2019, has recommended a Final dividend of Rs.0.2 per share (i.e.10%), subject to the approval of the shareholders.

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The announcement was made during the market hours on Tuesday, 4 June 2019.

Meanwhile, the S&P BSE Sensex was down 67.26 points, or 0.17% at 40,200.36.

On BSE, 2.95 lakh shares were traded so far on the counter below its 2-week average of 4.64 lakh shares. The stock hit a 52-week high of Rs 430 on 23 May 2019 and a 52-week low of Rs 293.95 on 30 October 2018.

The company said that its board at its meeting held on 4 June 2019, approved the proposal for buying back up to 3.92 crore equity shares, or 1.89% equity, at maximum buyback price of Rs 500 per share, for an aggregate amount not exceeding Rs 1,960 crore.

Adani Ports declared a 44.7% rise in consolidated net profit to Rs 1340.88 crore on 3.2% decrease in net sales to Rs 3082.49 in Q4 March 2019 over Q4 March 2018.

Adani Ports and Special Economic Zone (APSEZ) is India's largest private port and special economic zone. The company is engaged in the business of developing, operating and maintaining the Mundra Port and Port based related infrastructure facilities, including Multi product Special Economic Zone.

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Adani Ports & Special Economic Zone has fixed 21 June 2019 as record date for buyback of shares.

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The Board of Adani Ports & Special Economic Zone at its meeting held on 04 June 2019 has approved the proposal for the buy-back by the Company of up to 3,92,00,000 Equity Shares (being 1.89% of the total paid-up Equity Share Capital of the Company) from the equity shareholders of the Company as on21 June 2019 (the Record Date) (Eligible Shareholders) (Buy-Back) at a price of Rs. 500 per Equity Share (the Buy-Back Offer Price), for an aggregate amount not exceeding Rs. 1,960 crore, (theMaximum Buy-Back Size, being 9.94% of the total paid-up Equity ShareCapital and free reserves of the Company as per the audited standalonefinancial statement as at 31 March 2019) from the Eligible Shareholders ofthe Company on a proportionate basis through Tender Offer route.

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