Adani Ports acquires Karaikal Port for ₹14.85 bln via NCLT route

Adani Ports and Special Economic Zone Ltd has acquired Karaikal Port Pvt Ltd after receiving approval from the National Company Law Tribunal, for 14.85 bln rupees, the company said in an exchange filing today.

Earlier, Adani ports was declared successful applicant under the corporate insolvency resolution process.

Karaikal Port is an all-weather deep water port commissioned in April 2009.

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