Adani buys A.P. port stake for ₹1,954 crore
The Hindu
Adani Group has acquired 31.5% stake held by a Warburg Pincus affiliate in Gangavaram Port Ltd. (GPL) for ₹1,954 crore.
GPL is located in the northern part of Andhra Pradesh next to Vizag Port and is the second largest non- major port in Andhra Pradesh with a 64 MMT capacity established under concession from Government of Andhra Pradesh that extends till 2059.
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