 "Adani Ports, APSEZ")
Adani Ports and Special Economic Zones (APSEZ) Ltd. on Wednesday said it is acquiring the 31.5 per cent stake held by Windy Lakeside Investment Limited (an affiliate of Warburg Pincus) in Gangavaram Port Limited (GPL) for around Rs 1,954 crore.
APSEZ, a key subsidiary of the diversified Adani Group, said the latest acquisition expands it's market share to 30 per cent across 12 locations in India. Adani Ports is also in discussions with DVS Raju and Family for their 58.1 per cent stake in GPL.
The acquisition is subject to regulatory approvals. GPL is located in the northern part of
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