Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) is set to acquire a majority 75% stake in Krishnapatnam Port Company (KPCL) for approximately Rs 10,125 crore. The acquisition will be funded through internal accruals and existing cash balance, the Adani Group’s ports and logistics arm announced on Friday.
Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) is set to acquire a majority 75% stake in Krishnapatnam Port Company (KPCL) for approximately Rs 10,125 crore. The acquisition will be funded through internal accruals and existing cash balance, the Adani Group’s ports and logistics arm announced on Friday.
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