APSEZL to acquire 75 per cent stake in Krishnapatnam Port Company

Adani Ports and Special Economic Zone Limited (APSEZL) will be acquiring a 75 per cent stake in Krishnapatnam Port Company Limited. The estimated enterprise value of the proposed acquisition is Rs 135.72 billion. The transaction is expected to be completed in a period of 120 days. The acquisition is part of APSEZL’s target to handle 400 million tonnes of cargo by 2025.