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The Competition Commission of India (CCI)approves acquisition of 89.6% of equity shareholding of Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZ) under Section 31(1) of the Competition Act, 2002, on 13thApril 2021. The proposed combination relates to the acquisition of 89.6% of the shareholding in GPL (i.e., the entity operating Gangavaram port) by APSEZ. APSEZ is an integrated port infrastructure services provider currently present across 11 domestic
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FAQ :
The CCI has approved the acquisition of 89.6% of the equity shareholding of Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZ).
Adani Ports and Special Economic Zones Limited (APSEZ) is acquiring the stake.
89.6% of the equity shareholding is being acquired.
APSEZ is an integrated port infrastructure services provider that manages the complete logistics chain across 11 domestic ports.
Gangavaram Port Limited operates a deep-water port in Andhra Pradesh.
The acquisition was approved by the CCI on 13th April 2021.
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