+
Adani Krishnapatnam Port: Remaining 25% acquisition gets CCI nod
PORTS & SHIPPING

Adani Krishnapatnam Port: Remaining 25% acquisition gets CCI nod

The Competition Commission of India (CCI) has approved the acquisition of an additional 25% shareholding of Adani Krishnapatnam Port by Adani Ports and Special Economic Zone (APSEZ).

As we have reported earlier, on April 5, Adani Ports declared the acquisition of the remaining 25% stake in Krishnapatnam Port from Vishwasamudra Holdings for a cash consideration of Rs 2,800 crore. Earlier, the company had already acquired 75% stake in the Adani Krishnapatnam Port.

Adani Ports, India's largest private multi-port operator, has over 11 ports in six maritime states of Goa, Andhra Pradesh, Kerala, Gujarat, Odisha and Tamil Nadu. After the approval given by CCI, Adani Ports would now have 100% shareholding in the organisation.

Adani Ports, a part of the Adani Group, is the most comprehensive commercial ports operator in India, valuing nearly one-fourth of the cargo movement in the nation. Adani Krishnapatnam is employed as a developer and operator of an all-weather, deepwater multi-purpose port at Krishnapatnam, Andhra Pradesh, under a build-operate-share-transfer authorisation from Andhra Pradesh.

On April 13, the CCI also allowed the acquisition of an 89.6% stake in Gangavaram Port Ltd (GPL) by Adani Ports. On March 23, Adani Ports told the media it would acquire a 58.1% stake owned by DVS Raju and family in GPL for Rs 3,604 crore.

The company also declared the purchase of a 31.5% stake owned by Windy Lakeside Investment, an associate of Warburg Pincus, in GPL for Rs 1,954 crore. Collectively, both the transactions would increase the Adani Ports' stake in GPL to 89.6%.

In this month, APSEZ reported a 33% year-on-year jump in consolidated net profit at Rs 5,049 crore for the financial year 2020-21. Accompanied by an 11% rise in cargo to 247 million metric tonne (mmt) during FY21, operating income grew 6% to Rs 12,550 crore.

Image Source


Also read: Adani Ports now owns 100% of Krishnapatnam Port Limited

Also read: Adani Ports reports 285% y-o-y surge at Rs 1,288 cr in Q4

The Competition Commission of India (CCI) has approved the acquisition of an additional 25% shareholding of Adani Krishnapatnam Port by Adani Ports and Special Economic Zone (APSEZ). As we have reported earlier, on April 5, Adani Ports declared the acquisition of the remaining 25% stake in Krishnapatnam Port from Vishwasamudra Holdings for a cash consideration of Rs 2,800 crore. Earlier, the company had already acquired 75% stake in the Adani Krishnapatnam Port. Adani Ports, India's largest private multi-port operator, has over 11 ports in six maritime states of Goa, Andhra Pradesh, Kerala, Gujarat, Odisha and Tamil Nadu. After the approval given by CCI, Adani Ports would now have 100% shareholding in the organisation. Adani Ports, a part of the Adani Group, is the most comprehensive commercial ports operator in India, valuing nearly one-fourth of the cargo movement in the nation. Adani Krishnapatnam is employed as a developer and operator of an all-weather, deepwater multi-purpose port at Krishnapatnam, Andhra Pradesh, under a build-operate-share-transfer authorisation from Andhra Pradesh. On April 13, the CCI also allowed the acquisition of an 89.6% stake in Gangavaram Port Ltd (GPL) by Adani Ports. On March 23, Adani Ports told the media it would acquire a 58.1% stake owned by DVS Raju and family in GPL for Rs 3,604 crore. The company also declared the purchase of a 31.5% stake owned by Windy Lakeside Investment, an associate of Warburg Pincus, in GPL for Rs 1,954 crore. Collectively, both the transactions would increase the Adani Ports' stake in GPL to 89.6%. In this month, APSEZ reported a 33% year-on-year jump in consolidated net profit at Rs 5,049 crore for the financial year 2020-21. Accompanied by an 11% rise in cargo to 247 million metric tonne (mmt) during FY21, operating income grew 6% to Rs 12,550 crore. Image Source Also read: Adani Ports now owns 100% of Krishnapatnam Port Limited Also read: Adani Ports reports 285% y-o-y surge at Rs 1,288 cr in Q4

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?