July 22, 2020 09:37 pm | Updated 09:37 pm IST - Chennai
The Competition Commission of India has approved the acquisition of Krishnapatnam Port Co. Ltd. by Adani Ports and Special Economic Zone Ltd. (APSEZ), tweeted CCI.
KPCL is located in Nellore district of Andhra Pradesh. In January 2020, APSeZ said it will acquire 75% stake for a total consideration of ₹13,572 crore from the CVR Group. The balance stake will be held by the CVR Group.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
