Mumbai - Shares of Adani Ports and Special Economic Zone Ltd on Tuesday rose on the back of the company announcing completion of its Dhamra Port takeover.

The stock rose to a high of Rs 242 in the opening trade and was trading with a gain of 2 percent at Rs 240.70 around the mid-day after paring some initial gains at the BSE.

The company yesterday announced that it has completed the acquisition of 100 percent stake in Dhamra Port from L&T Infrastructure Development Projects Limited and Tata Steel.

Two other companies of Gautam Adani-led group -- Adani Enterprises and Adani Power -- also saw rally in their shares.

Adani Enterprises was up 2.25 percent at Rs 463.90, while Adani Power rose by nearly 2 percent to Rs 60.15 by mid-day. (PTI)