CCI approves proposed acquisition of 10.4% of equity shareholding of Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZ)

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....CI approves proposed acquisition of 10.4% of equity shareholding of Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZ) <br>News and Press Release<br>Dated:- 21-9-2....

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....021<br><BR>The Competition Commission of India (CCI) approves proposed acquisition of 10.4% of equity shareholding of Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (A....

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....PSEZ). The proposed combination envisages acquisition of 10.4% of the shareholding in GPL (i.e., the entity operating Gangavaram port) by APSEZ from from the Government of Andhra Pradesh. APSEZ is a....

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....n integrated port infrastructure services provider currently present across 11 domestic ports in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. GPL own, develop a....

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....nd operate the deep-water port at Gangavaram, Andhra Pradesh, pursuant to a concession agreement on Build-Own-Operate-Transfer basis with Government of Andhra Pradesh for a concession period of thirty....

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.... years from the date of commercial operations and entitled for a further period of 20 years (two periods of 10 years each). Detailed order of the CCI will follow.<BR> News - Press release - PIB....