NCLT grants approval to APSEZ to acquire balance stake in GPL, Andhra Pradesh

The National Company Law Tribunal (NCLT) has granted approval for the acquisition of 58.1 per cent stake in Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZL). The deal has priced GPL at around Rs 62 billion. Gangavaram Port is an all-weather deep-water multipurpose port in Andhra Pradesh.