+
CCI nods Adani Ports’ 10.4% stake acquisition in Gangavaram Port
PORTS & SHIPPING

CCI nods Adani Ports’ 10.4% stake acquisition in Gangavaram Port

Adani Ports and Special Economic Zone (APSEZ) has received approval from the Competition Commission of India (CCI) to acquire a majority stake in Gangavaram Port Limited.

According to a combination notice filed with the regulator, the 10.4% equity shareholding would be acquired from the government of Andhra Pradesh.

Adani Ports and Special Economic Zone operates 11 domestic ports in Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha, among other maritime states.

According to the notice, the Gangavaram Port has been contracted to own, develop, and operate a deep-water port in Gangavaram, Andhra Pradesh, under a build-own-operate-transfer (BOOT) concession agreement with the state government.

CCI is the competition authority in India. It is a government statutory body charged with enforcing the Competition Act, 2002, promoting competition across the country, and preventing activities that have a significant negative impact on competition in India.

Image Source


Also read: Andhra govt nods Adani Ports' bid to buy stake in Gangavaram Port

Also read: Unions protest Gangavaram port sale to Adani Port and SEZ

Adani Ports and Special Economic Zone (APSEZ) has received approval from the Competition Commission of India (CCI) to acquire a majority stake in Gangavaram Port Limited. According to a combination notice filed with the regulator, the 10.4% equity shareholding would be acquired from the government of Andhra Pradesh. Adani Ports and Special Economic Zone operates 11 domestic ports in Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha, among other maritime states. According to the notice, the Gangavaram Port has been contracted to own, develop, and operate a deep-water port in Gangavaram, Andhra Pradesh, under a build-own-operate-transfer (BOOT) concession agreement with the state government. CCI is the competition authority in India. It is a government statutory body charged with enforcing the Competition Act, 2002, promoting competition across the country, and preventing activities that have a significant negative impact on competition in India. Image Source Also read: Andhra govt nods Adani Ports' bid to buy stake in Gangavaram Port Also read: Unions protest Gangavaram port sale to Adani Port and SEZ

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?