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Adani Ports and Special Economic Zone (APSEZ) received approval from the NCLT to acquire the remaining 58.1% stake in Gangavaram Port Limited (GPL) via the composite scheme of arrangement. The acquisition involves 517 million shares at ₹120 per share amounting to ₹6,200 crore and will be done through a share swap arrangement. GPL is located next to Vizag Port.
short by Anisha Joneja / 10:29 pm on 10 Oct
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