New Delhi, April 17 -- A company related to Adani Group Chairperson Gautam Adani is set to transfer the ownership of an Australian port terminal to Adani Ports & Special Economic Zone in a deal worth $2.4 billion, the firm said on Thursday.

The Adani port deal comes at a time when India's largest operator seeks to expand its global footprint.

The Board of APSEZ "approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL)", the company said in a statement.

CRPSHPL is a related party.

Adani Ports & Special Economic Zone Ltd. will acquire the North Queensland Export Terminal Pty Ltd. by issuing preferential shares to an entity that is contr...