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CCI okays acquisition of Krishnapatnam Port Co by Adani Ports and SEZ Ltd

The proposed transaction involves acquisition of equity shareholding along with management control of 100% of the total issued, outstanding preference share capital of Krishnapatnam Port Company

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Adani Ports and Special Economic Zone Ltd is a customer-facing integrated port infrastructure services provider present across 10 domestic ports in Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha

Press Trust of India New Delhi

1 min read Last Updated : Jul 22 2020 | 10:23 PM IST

Fair trade regulator CCI on Wednesday said it has given its nod to acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd.

The proposed transaction involves acquisition of equity shareholding along with management control of 100 per cent of the total issued and outstanding preference share capital of Krishnapatnam Port Company, a combination notice filed with the regulator noted.

In a tweet on Wednesday, the Competition Commission of India (CCI) said it "approves acquisition of Krishnapatnam Port Company Limited by Adani Ports and Special Economic Zone Limited." Krishnapatnam Port Company is engaged as a developer and operator

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