Adani acquires minority stake in Gangavaram Port
Adani Ports and Special Economic Zone (APSEZ) has received approval from the Andhra Pradesh Maritime Board for its proposed acquisition of a 10.4% stake in Gangavaram Port Limited (GPL).
The deal, which is worth Rs. 645 crore (US$90m), gives India’s leading private operator a minority share in GPL, a specialist dry bulk and break bulk port on the east coast of India
According to the operator, the acquisition is in line with its strategy of “East Coast to West Coast parity”.
You need a free subscription to read the entire article.
Login if you have already subscribed.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
