CCI approves acquisition of KPCL by Adani Ports

 

Adani Ports and Special Economic Zone Limited (APSEZ) will buy a 75% stake in Krishnapatnam Port Company Limited (KPCL). This will be the largest acquisition of APSEZ so far. APSEZ is acquiring KPCL for about Rs 13,500 crore. KPCL is located in the southern part of Andhra Pradesh and the company handled 54 million metric tonnes of cargo in the last financial year. The company’s revenue was Rs 2394 crore.

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