Adani Group acquired 31.5 per cent stake in Gangavaram Port

04-03-2021 Thu 09:00

Adani Group promoted by Gautam Adani has bought 31.5 per cent stake in the Gangavaram Port Limited (GPL) from the Warburg Pincus for Rs.1,954 crore. With the purchase of stake in the GPL, the market share in the business of ports will go up to 30 per cent from the current 25 per cent.
The group also holding talks with DVS Raju and family for their 58.1 per cent share in GPL. The AP government holds 10.4 per cent stake in the GPL. In December 2020, Adani Group had acquired 75 per cent stake in Krishnapatnam Port.


More Latest Video News

Raju Yadav movie glimpse - Getup Srinu

Raju Yadav movie glimpse - Getup Srinu

BJP candidate Ratnaprabha demands cancellation of Tirupati By-Polls

The news of fake voting reportedly taking place in Tirupati Lok Sabha By-Polls has heated politics in AP. The main opposition TDP cadre along with BJP has alleged that the ruling YSRCP has been..

Tirupati by-poll: Chandrababu Vs Peddireddy

Tirupati By-Polls election process has led to a war of words between the main opposition TDP and the ruling YSRCP. TDP cadre has alleged that fake voting process was noticed and they announced to..

Sushmita Sen wins National award for social welfare and women empowerment

Bollywood actress Sushmita Sen shared her happy moments in a live show with her fans. The actress took to her Instagram handle to share some exciting news about her major accomplishment with fans. Sushmita..

Extra Jabardasth latest promo - 23rd April 2021 - Rashmi, Sudigali Sudheer

Presenting herewith the latest promo of 'Extra Jabardasth' comedy show. In the show, the casts of upcoming Telugu film 'Ek Mini Katha' have participated in the film. Santosh Shobhan, Kavya Thapar and Shraddha Das..

IPL 2021 : Dinesh Karthik special comments on Jathi Rathnalu; Hero Naveen Polishetty reacts

'Jathi Ratnalu' is a Telugu movie directed by KV Anudeep featuring Naveen Polisetty, Rahul Ramakrishna and Priyadarshi in the lead roles. The short film came without any expectations and became a blockbuster hit at..

Nivetha Thomas exclusive interview - Vakeel Saab

Tollywood actress, Vakeel Saab fame Nivetha Thomas shared many interesting things about the movie and her career. It is known that recently, the actress tested positive for Coronavirus and got recovered. She was unable..

Actor Sonu Sood tests positive for Covid-19

Bollywood actor Sonu Sood tested positive for the novel Coronavirus and disclosed the news through his Instagram handle with his fans. Sonu Sood shared the news through Instagram and he wrote as "Hi everyone,..

Allu Arjun enjyoing weekend with his KIDS

Stylish Star Allu Arjun is busy these days with the shooting of the film Pushpa. He takes out time to spend some quality time with his kids during the weekend. On the other hand,..

Unseen glimpse of No. 1 Yaari ft Naga Chaitanya, Sai Pallavi, Sekhar Kammula

Rana Daggubati's No 1 Yaari recent episode featured Love Story movie team director Shekar Kammula, Naga Chaitanya and Sai Pallavi. They shared a lot of interesting things about the movie and their personal life..

Samantha Akkineni latest photoshoot pics, gorgeous

Tollywood gorgeous actress, Rangsthalam fame Samantha Akkineni shared a new photoshoot pic on her Instagram in which she has seen so beautiful. The actress draped herself in a yellow coloured modern outfit with sleeveless..

Anchor Anasuya's family moments in Kerala backwaters

Tollywood actress, Jabardasth anchor Anasuya Bhardwaj enjoying moments in Alleppey backwaters and shared a video on her Instagram. She is enjoying boating in backwaters in Alleppey, Kerala."In this chaos... I feel grateful about..

Andhra Pradesh: Villagers boycotted Tirupati by-election

TIRUPATI: Tirupati by-polls are going today and five villages boycotted the elections by keeping themselves away from the voting. Villagers of Uranduru, Kandriga, Narayanapuram, Dommarapalem and Panekaladu villages decided to not vote in ongoing..

Anchor Suma Kanakala at mango farm, watch it

Tollywood high energetic anchor Suma shared a video in which she has seen plucking mangoes at a farm. Now, the video is doing rounds on social media and winning the hearts of her followers..

Bigg Boss Ashu Reddy gets emotional after Pawan Kalyan health condition

Telugu Bigg Boss season 3 fame Ashu Reddy got emotional after Tollywood power star Pawan Kalyan tested positive for the Coronavirus. In a shared video, Ashu Reddy expressed grief after Pawan Kalyan tested positive..
Advertisement
Telugu News
Cabinet clears Adani’s proposal for data centre, IT park & skill varsity in Vizag with 14,630 crore
5 months ago
Advertisement 36
AP govt gives nod for 3 mega industrial projects; Adani’s data centre park in Vizag
5 months ago
Adani, close to PM Modi & Amit Shah, meets CM Jagan over AP capital issue
1 year ago
Adani Group to set up India’s biggest data centre park with Rs 70,000 crore in Vizag
2 years ago