Adani Ports acquires remaining 10.4% in Gangavaram port

Earlier, in April 2021, APSEZ had acquired 31.5% from Windy Lakeside Investment Ltd, a Warburg Pincus affiliate, and had signed an agreement for controlling stake of 58.1% held by DVS Raju and Family. Post the merger of GPL and APSEZ, DVS Raju and family will receive approx. 480 million shares resulting in 2.2% stake in APSEZ worth Rs 3,604 crore.

from Markets-Economic Times https://ift.tt/3kEGeed