Adani Ports gets CCI nod to acquire 10.4% stake in Gangavaram Port

Adani Ports and Special Economic Zone (APSEZ) has received Competition Commission of India's (CCI) approval to acquire a 10.4% stake in Gangavaram Port. Last month, Andhra Pradesh government had also given its approval for the stake acquisition. The consideration of the deal is ₹644.78 crore and the transaction is expected to be completed within a month, APSEZ had said.