India: Adani Ports completes $1.6b acquisition of Krishnapatnam port

Visual from Adani Ports website

India’s largest private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 12,000 crore. This will result in APSEZ having a 75% controlling stake in KPCL, the Adani group said in a press release.

On 3 January, APSEZ had signed a deal to buy the port for an enterprise value of 13,752 crore.

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