CCI approves proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited

CCI approves proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited https://www.taxtmi.com/news?id=24041 Approval is granted for a corporate combination in which a multi-port operator will acquire an additional twenty-five percent equity interest in a port developer and operator, increasing its shareholding from seventy-five percent to full ownership and thereby obtaining sole control. The transaction converts an existing majority stake into complete ownership, concentrating control of an all-weather, deepwater multipurpose port that operates under a Build Operate Share Transfer concession. en-us Tue, 18 May 2021 18:05:01 +0530 Tue, 18 May 2021 18:05:01 +0530 TaxTMI RSS Generator CCI approves proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited https://www.taxtmi.com/news?id=24041 Approval is granted for a corporate combination in which a multi-port operator will acquire an additional twenty-five percent equity interest in a port developer and operator, increasing its shareholding from seventy-five percent to full ownership and thereby obtaining sole control. The transaction converts an existing majority stake into complete ownership, concentrating control of an all-weather, deepwater multipurpose port that operates under a Build Operate Share Transfer concession. News - Tue, 18 May 2021 18:05:01 +0530 https://www.taxtmi.com/news?id=24041