CCI approves proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited

क्षमा करें, यह समाचार आपके अनुरोध की भाषा में उपलब्ध नहीं है। कृपया यहाँ देखें।

DELHI MAY 18, 2021:

The Competition Commission of India (CCI) approves proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited.

The proposed combination envisages acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited (Target) by Adani Ports and Special Economic Zone Limited (Acquirer).

The Acquirer is a private multi-port operator. It is currently present at 11 ports in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. It already holds 75% shareholding of the Target. As a result of the proposed combination Acquirer will hold 100% shareholding and sole control of the Target.

The Target is engaged as a developer and operator of an all-weather, deepwater multi-purpose port located at Krishnapatnam, Andhra Pradesh, under Build-Operate-Share-Transfer concession from the Government of Andhra Pradesh.