Adani Ports and Special Economic Zone (APSEZ), today said in a statement that it would acquire 58.1% stake in Gangvaram Port (GPL), The acquisition is valued at INR 3,064 crore. Earlier this Mar, Adani Ports had announced the acquisition of Warburg Pincus’ 31.5% stake in Gangavaram port and together with this acquisition, the company (APSEZ) would have 89.6% stake in GPL. Gangavaram Port is the second largest non-major port in Andhra Pradesh with a 64 mn t capacity.
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