Adani Ports acquisition of Warburg Pincus and DVS Raju family stake in Gangavaram Port: Cyril Amarchand Mangaldas, AZB, Khaitan lead

Adani Ports and Special Economic Zones (APSEZ) has acquired the 31.5% stake held by Windy Lakeside Investment Limited (an affiliate of Warburg Pincus) in Gangavaram Port Limited, which is valued at INR 1,954 Crores.

APSEZ has recently also announced the acquisition of a 58.1% stake in Gangavaram Port Ltd from D.V.S. Raju and family for INR 3,604 crore, winning majority control of the private port at Visakhapatnam in Andhra Pradesh.