Business

Competition Commission of India has cleared Adani Ports' 10.4% stake acquisition in Gangavaram PortThe Competition Commission of India (CCI) has cleared the acquisition of 10.4 per cent stake in Gangavaram Port Limited by Adani Ports and Special Economic Zone Limited.Adani Ports will be acquiring the equity stake from Andhra Pradesh government, according to a statement issued by the competition regulator.“The CCI approves proposed acquisition of 10.4 per cent of equity shareholding of Gangavaram Port Limited by Adani Ports and Special Economic Zones Limited,” the CCI statement said.Adani Ports is present in six maritime states and across 11 ports, namely in Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.Gangavaram Port Limited owns, develops and operates the deep-water port at Gangavaram in Andhra Pradesh under a concession agreement on build-own-operate-transfer basis with the state government, the CCI notice said.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm


STRIPE





20