InvestorQ : How does the Gangavaram Port buy-out add value to Adani Ports SEZ?
Juvina Maggie made post

How does the Gangavaram Port buy-out add value to Adani Ports SEZ?

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Deepa Salunkhe answered.
2 months ago
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The Competition Commission of India or CCI approved the acquisition of 10.4% stake in Gangavaram Port by Adani Ports SEZ for Rs.645 crore. The deal has already been approved by the Andhra Pradesh Government. This deal is the key to balance that Adani Ports franchise. Bulk of Adani Ports trade was on the West coast. Gangavaram has capacity of 64MMT and handled 32.8 MMT in FY21. It helps Adani balance its East trade coverage.
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