State okays Adani acquisition of Krishnapatnam Port

Following CCI's approval of the acquisition of Krishnapatnam Port by the Adani Group, the Andhra Pradesh Cabinet has given its nod for the Rs.135.72 bn deal. The state cabinet okayed Adani Ports & Special Economic Zone (APSEZ) acquisition of a 75-per-cent stake in Krishnapatnam Port Company from the Hyderabad-based CVR Group. The acquisition is already done on the commercial and legal side. With this, the Adani Group gains control of India’s second-largest multi-cargo private sector port, which is located at Krishnapatnam in Nellore district. 

Contact: Avinash Rai, COO, Adani Ports & Special Economic Zone.

Address: At & Post Mundra, Gujarat-370 405.

E-mail: avinash.rai@adani.com

Website: www.adaniports.com