Aurobindo Realty and Infrastructure planning to acquire a 41.12 per cent stake in Kakinada Seaports

According to reports, Aurobindo Realty and Infrastructure Private Limited (ARIPL) is planning to acquire a 41.12 per cent equity stake in Kakinada Seaports Limited. ARIPL will buy the stake from Kakinada Infrastructure Holdings Private Limited, one of the original promoters of Kakinada Seaports. The stake sale was approved by the Andhra Pradesh government in December 2020. The acquisition will make ARIPL the single largest holder in Kakinada Seaports. The other shareholders are VR Investment Private Limited (30.4 per cent), Konsortium Ports Pte Limited (17.35 per cent) and South India Infrastructure Development Company Private Limited (11.13 per cent).