Adani Ports and Special Economic Zone (APSEZ) has signed an agreement to acquire 58.1% stake held by promoter DVS Raju and family in Andhra Pradesh's Gangavaram Port for ₹3,604 crore. Earlier this month, Adani Ports announced the acquisition of Warburg Pincus' 31.5% stake in the port. With the latest deal, Adani Ports' stake in the port will increase to 89.6%.