Adani Ports to acquire stake in Gangavaram Port for $270m
The Adani Ports and Special Economic Zones (Adani Ports or APSEZ) will acquire the 31.5% stake owned by Windy Lakeside Investment in the Gangavaram Port (GPL) in Visakhapatnam (Vizag), Andhra Pradesh for INR 19.54 billion ($270 million). The Adani Group company is acquiring nearly 16.3 crore shares at INR 120 per share from the Warburg […]