Competition Commission of India (CCI) has approved acquisition of over 10 per cent stake in Gangavaram Port by Adani Ports and Special Economic Zone ((APSEZ). The 10.4 per cent equity shareholding would be acquired from the government of Andhra Pradesh, according to a combination notice filed with the regulator. Adani Ports and Special Economic Zone is present across 11 domestic ports in six maritime states -- Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.
Company Name | CMP |
---|---|
Adani Ports &Special | 1443.00 |
JSW Infrastructure | 279.25 |
Gujarat Pipavav Port | 207.00 |
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