9911796707
TMI BlogCCI approves proposed acquisition of 10.4% of equity shareholding of Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZ)X X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves proposed acquisition of 10.4% of equity shareholding of Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZ) X X X X Extracts X X X X X X X X Extracts X X X X ..... 2021 X X X X Extracts X X X X X X X X Extracts X X X X ..... APSEZ). The proposed combination envisages acquisition of 10.4% of the shareholding in GPL (i.e., the entity operating Gangavaram port) by APSEZ from from the Government of Andhra Pradesh. APSEZ is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an integrated port infrastructure services provider currently present across 11 domestic ports in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. GPL own, develop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and operate the deep-water port at Gangavaram, Andhra Pradesh, pursuant to a concession agreement on Build-Own-Operate-Transfer basis with Government of Andhra Pradesh for a concession period of thirt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y years from the date of commercial operations and entitled for a further period of 20 years (two periods of 10 years each).
Detailed order of the CCI will follow. X X X X Extracts X X X X X X X X Extracts X X X X
|
