Adani Group stocks, April 21 -- Adani Ports share price declined 4% in intraday trade on Monday, April 21, even as the company revealed plans to acquire Abbot Point Port Holdings.

As part of its ongoing efforts to expand its global footprint, Adani Ports & Special Economic Zone (APSEZ), India's largest private port operator, on Thursday, announced it will acquire a 100% equity stake in Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), a related-party promoter group entity.

The transaction will be completed on a non-cash basis. APSEZ will issue 14.38 crore equity shares to CRPSHPL in exchange for 100% ownership of APPH. The deal values the North Queensland Export Term...