Adani Ports To Acquire 31.5% Stake In Gangavaram Port; Stock Gains 2% Adani Ports To Acquire 31.5% Stake In Gangavaram Port; Stock Gains 2% Adani Ports and Special Economic Zone is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore
Updated: March 04, 2021 10:11 am IST
As of 10;00 am, the sharesof Adani Ports were trading higher by 2 per cent on BSE
Adani Ports and Special Economic Zone (APSEZ) said on Wednesday that it is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore. The acquisition is subject to regulatory approvals, Adani Ports said in a regulatory filing to the stock exchanges.