Adani Ports To Take Majority Stake In Krishnapatnam Port
Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer, operator and part of the Adani Group, has decided to acquire a controlling stake in Krishnapatnam Port Company Ltd (KPCL). As informed, the 75 percent stake will be bought from the existing shareholders of KPCL for INR 135.7 billion (USD 1.9 billion). Located in…