India OKs Krishnapatnam Port Acquisition

The Competition Commission of India (CCI) approved acquisition of Krishnapatnam Port Company by Adani Ports and Special Economic Zone. The proposed combination envisages acquisition of equity shareholding along with management control of Krishnapatnam Port Company by Adani Ports.

Adani Ports is a customer-facing integrated port infrastructure services provider currently present across ten domestic ports in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha.

Full Content: The Hans India

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