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Adani Ports to acquire 75% stake in Krishnapatnam Port for Rs 13,572 cr


Adani Ports to acquire 75% stake in Krishnapatnam Port for Rs 13,572 cr


India’s largest private sector port operator agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of ₹13,500 crores, APSEZ.

The Krishnapatnam Port is located in southern Andhra Pradesh and is a multi-cargo facility. It handled 54 million tonnes (mt) of cargo in the year ended 31 March 2019.

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