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Adani Ports to acquire Indian port

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Adani Ports and Special Economic Zone (APSEZ) said on Friday (Jan 3, 2020) it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).

The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said here in a filing to exchanges.

Read more on Reuters.





Container News Teamhttps://www.container-news.com
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