Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 Cr
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Adani Ports and Special Economic Zone (APSEZ) said it will acquire controlling interest in Gangavaram Port Ltd (GPL) from DVS Raju and family for Rs 3,604 crore taking its stake in GPL to 89.6%. APSEZ, India's largest private ports and logistics company and the flagship transportation arm of the diversified Adani Group, is acquiring the 58.1% stake held by DVS Raju and family in GPL,” the company said.