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Home Port News Adani Ports to acquire Indian port

Adani Ports to acquire Indian port

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.

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