APSEZ will get CCI nod for 25% extra stake buy in Krishnapatnam port


The Competitors Fee of India (CCI) on Tuesday gave nod to proposed acquisition of extra 25 per cent stake of Adani Ltd by Adani Ports and Particular Financial Zone Ltd.

The acquirer already holds 75 per cent shareholding in Adani

“On account of the proposed mixture acquirer will maintain 100% shareholding and sole management of the Goal,” based on a launch.

The Fee approves proposed acquisition of extra 25 per cent shareholding of Adani Ltd by Adani Ports and Particular Financial Zone Ltd, mentioned in a tweet.

In April, Adani Ports and Particular Financial Zone had mentioned it has acquired 25 per cent stake of Vishwa Samudra Holdings in Krishnapatnam Port for Rs 2,800 crore.

Krishnapatnam Port, situated on the east coast of India in Nellore district of Andhra Pradesh, is an all-weather, deep water port has multi-cargo facility with a present capability of 64 million tonne every year.

(Solely the headline and movie of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

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