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Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas advises Adani Ports and Special Economic Zones on Acquisition of 58.1% Stake in Gangavaram Port ANI | Updated: Apr 01, 2021 14:20 IST
New Delhi [India], April 1 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised Adani Ports And Special Economic Zone Limited (Adani Ports) on acquisition of 58.10 per cent stake held by DVS Raju and other promoter entities (Promoters) in Gangavaram Port Limited (Gangavaram Port) for Rs 3,604 crore.
Earlier this month, Adani Ports had announced the acquisition of Warburg Pincus group s 31.50 per cent stake in Gangavaram Port. Once the current acquisition receives requisite approvals, Adani Ports will end up owning 89.60 per cent stake in Gangavaram Port.
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