Independent journal on economy and transport policy
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Adani Ports gets NCLT nod for acquiring balance 58.1 percent stake in Gangavaram Port through a share swap
(The Economic Times)
October 10, 2022
The acquisition of the 58.1 percent stake from DVS Raju and family will be through a share swap arrangement and will result in issuance of around 47.7 million APSEZ shares to the erstwhile promoters of GPL.
ETInfra
HYDERABAD: Adani Ports and Special Economic Zone Ltd (APSEZ) has secured backing from the National Company Law Tribunals at Ahmedabad and Hyderabad to acquire the 58.1 percent stake it does not already own in Gangavaram Port Limited (GPL) through a composite scheme of arrangement, making it a 100 percent subsidiary.
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