Adani Ports gets Andhra Pradesh govt approval for stake acquisition in Gangavaram Port


Adani Ports and Special Economic Zone share price rose on August 25 after company received Andhra Pradesh government approval for stake acquisition in Gangavaram Port.

” has received letter/order from Andhra Pradesh Maritime Board, intimating the approval of proposal of acquisition of 10.4% stake of Gangavaram Port by the company from Government of Andhra Pradesh,” company said in its press release.

Gangavaram Port is engaged in the business of handling various types of dry bulk and break bulk cargo.

News Source:- Moneycontrol

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