Adani set to acquire stake in Krishnapatnam port
Adani Ports and Special Economic Zone, India’s biggest private port operator, is expected to acquire a 72% stake in Krishnapatnam which will give it access to the country’s largest waterfront area of 12.5 km. It already operates at 10 port locations in India
The deal, if successful, will be APSEZ’s third acquisition on the east coast of India following the purchase of Dhamra port in 2014 and Kattupalli port in 2016
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