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Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore

Acquisition expands APSEZ's market share to 30 percent across 12 locations in India. The acquisition is subject to regulatory approvals

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Adani Ports | Adani Ports and Special Economic Zone | major ports in India

Aditi Divekar  |  Mumbai 



Gautam Adani
Adani Ports is also in talks with DVS Raju and family (promoters) for their 58.1 per cent stake in GPL. The remaining 10.4 per cent is held by the Andhra Pradesh government | Illustration: Ajay Mohanty

Gautam Adani-led and Special Economic Zone (APSEZ) on Wednesday said it is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore.

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First Published: Wed, March 03 2021. 21:41 IST

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