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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
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FAQ :
The CCI has approved the proposed acquisition of an additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited.
Adani Ports and Special Economic Zone Limited (Acquirer) is acquiring the additional shares.
Adani Ports and Special Economic Zone Limited currently holds 75% shareholding in Adani Krishnapatnam Port Limited.
After the acquisition, Adani Ports and Special Economic Zone Limited will hold 100% shareholding and sole control of Adani Krishnapatnam Port Limited.
Adani Krishnapatnam Port is an all-weather, deepwater multi-purpose port located at Krishnapatnam, Andhra Pradesh. It is developed and operated under a concession from the Government of Andhra Pradesh.
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