Adani Ports Gets Approval To Acquire 89.6% Stake In Gangavaram Port

Adani Ports and Special Economic Zones Limited (APSEZ) will soon acquire an 89.6 per cent stake in the Gagavaram Port, in Visakhapatnam, Andhra Pradesh. On April 13, 2021, the government's competition regulatory body - the Competition Commission of India (CCI) approved the acquisition of 89.6 per cent equity shareholding in the Gangavaram Port Limited by Adani Ports. According to a statement released by the Ministry of Corporate Affa...