Adani Ports and Special Economic Zones Limited (APSEZ) will quickly purchase an 89.6 per cent stake in Gagavaram Port. On April 13, 2021, the federal government’s competitors regulatory physique – the Competition Commission of India (CCI) accepted the acquisition of 89.6 per cent fairness shareholding within the Gangavaram Port Limited or GPL by Adani Ports and Special Economic Zones. According to an announcement launched by the Ministry of Corporate Affairs in the present day, the approval by the regulatory physique has come beneath part 31 (1) of the Competition Act, 2002.
