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APSEZ fully unlocks India’s eastern hinterland with Rs. 6,200 Cr acquisition of Gangavaram Port

September 23, 2021 sanket

Completes Government of Andhra Pradesh’s stake Purchase in GPL Board Approves merger of GPL with APSEZ APSEZ acquires Government of Andhra Pradesh’s 10.4% stake for Rs. 645 Cr APSEZ and GPL boards have approved a merger at a swap ratio of 159:1,000 shares With the above, APSEZ achieves full closure on Gangavaram Port Ltd Acquisition […]

Adani Ports increases its ownership from 75% to 100% in Krishnapatnam Port by acquiring Vishwasamudra Holdings’ 25% stake for Rs. 2,800 Crs.

April 5, 2021 sanket

Adani Ports (APSEZ) acquires 25% from Vishwa Samudra Holdings in Krishnapatnam Port for RS. 2,800 Cr The 100% acquisition of Krishnapatnam Port implies a 10.3x multiple on FY21 EBITDA and further enhances shareholder value Krishnapatnam Port being India’s second largest private sector port has a strong growth potential with a masterplan capacity of 300 MMTPA […]

Business

Adani Ports to acquire controlling interest of 58.1% in Gangavaram Port from DVS Raju Family for Rs 3,604 Cr

March 23, 2021 sanket

APSEZ to acquire controlling stake of 58.1% in Gangavaram Port Ltd (GPL) from DVS Raju and family for Rs. 3,604 Cr taking its stake in GPL to 89.6% GPL, with its strategic location and strong hinterland has a potential to become a 250 MMT port GPL will benefit from APSEZ’s platform to improve market share, […]