 "Adani group takes a gamble on growth")
Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) Ltd on Tuesday said it is acquiring the 58.1 per cent stake held by DVS Raju and family in Gangavaram Port Limited (GPL) for Rs 3,604 crore.
The acquisition is subject to regulatory approvals.
Early this month, the company announced the acquisition of Warburg Pincus’s 31.5 per cent stake in GPL for Rs 1,954 crore.
Together with this acquisition, APSEZ would now have an 89.6 per cent stake in GPL.
Strengthening its inorganic growth route to increase capacity across the 7,500 km coastline of India, Adani Ports in FY21 has made
