Thursday, April 22News That Matters

Tag: Adani

Adani Ports acquires residual 25 private computer stake in Krishnapatnam Port for Rs 2,800 cr

Adani Ports acquires residual 25 private computer stake in Krishnapatnam Port for Rs 2,800 cr

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Unusual Delhi: Adani Ports and Special Economic Zone (APSEZ) on Monday stated it has bought 25 per cent stake of Vishwa Samudra Holdings in Krishnapatnam Port for Rs 2,800 crore. This will consequence in APSEZ rising its stake from 75 per cent to 100 per cent in Krishnapatnam Port. Krishnapatnam Port, located on the east whisk of India in Nellore district of Andhra Pradesh, is an all-climate, deep water port has multi-cargo facility with a recent ability of 64 million tonne every year (MTPA). “APSEZ, the flagship transportation arm of the quite plenty of Adani Community, is announcing the acquisition of the residual 25 per cent stake in Adani Krishnapatnam Port, (Krishnapatnam Port) for Rs 2,800 crore,” the corporate stated in a statement. With a waterfront of 20 km and...