Adani Ports Gains On Acquiring Controlling Stake In Gangavaram Port

Shares of Adani Ports and Special Economic Zone rose as much as 4.67 per cent to hit an intraday high of Rs 755.35 after the company informed exchanges that it has acquired controlling stake in Gangavaram Port (GPL) from DVS Raju Family. Adani Ports and SEZ acquired additional 58.1 per cent stake in Gangavaram Port from DVS Raju Family for Rs 3,604 crore taking its stake in Gangavaram Port to 89.6 per cent. (Track Adani Ports stock p...