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Adani Ports on a roll with three big acquisitions in five months With three big acquisitions having a combined value of ₹14,659 crore in five months, Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) is on a roll. On March 3, APSEZ acquired a 31.5% stake in Gangavaram Port Ltd (GPL) from a unit of private equity firm Warburg Pincus LLC for ₹1,954 crore and said it was in talks with D V S Raju and family, the promoters of the port located in Visakhapatnam, for buying their 58.1% stake in GPL. Gangavaram is APSEZ’s second big acquisition in Andhra Pradesh, India’s second biggest maritime state by cargo volumes handled, after picking up a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of Rs12,000 crore on October 5.

Andhra pradeshUnited kingdomSri lankaGautam adaniWarburg pincusRamesh singhalJawaharlal nehru port trustTata groupGangavaram port ltdEconomic zone ltdConsultancy pvt ltdDighi port ltdKrishnapatnam port co ltdGautam adani led portsSpecial economic zone ltdAdani ports