The Adani Ports and Special Economic Zone Ltd. has concluded the acquisition of the Andhra Pradesh government’s 10.40% stake in the Gangavaram Port Limited for a consideration of ₹645 crore. The merger of GPL with the APSEZ has also been approved, with the GPL’s valuation amounting to ₹120 per share and the APSEZ’s fair value being ₹754.80 per share. Raju …
Andhra Pradesh Chief Minister Y.S. However, in a move that is the polar opposite of this stand and one that smacks of hypocrisy, the same Jagan Mohan Reddy government has decided to disinvest its 10.39 per cent stake in Gangavaram Port Limited to Adani Ports and Special Economic Zone Limited, one of India’s largest commercial port operators. In pursuit of …
Jagan Mohan Reddy government in Andhra Pradesh has repeatedly urged the Narendra Modi government not to privatise the Rashtriya Ispat Nigam Ltd-Visakhapatnam Steel Plant, a Navaratna public sector enterprise and India’s only shore-based steel plant. During the first week of May, the Andhra Pradesh Cabinet declared its intention to offload its stake in Gangavaram Port Limited to APSEZ for around …
