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Adani Ports and Special Economic Zone Ltd will acquire how much percent stake held by DVS Raju in Gangavaram Port Ltd?

Adani Ports and Special Economic Zone Ltd will acquire how much percent stake held by DVS Raju in Gangavaram Port Ltd? Correct Answer 58.1

The correct answer is 58.1%.

  • Adani Ports and Special Economic Zone Ltd will acquire a 58.1% stake held by DVS Raju in Gangavaram Port Ltd.
  • The acquisition is valued at ₹3,604 cr and subject to regulatory approvals.
  • Earlier in March 2021, Adani Ports had announced the acquisition of Warburg Pincus’s 31.5% stake in Gangavaram, and with the latest acquisition, it will own a total 89.6% stake in the port in Andhra Pradesh.

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