Gangavaram Port

Adani Completes Acquisition of Gangavaram Port

The boards of APSEZ and GPL have also approved the merger of GPL with APSEZ, taking into consideration GPL's valuation of Rs 120 per share and fair value of APSEZ at Rs 754.8 per share, resulting in a swap ratio of 159 shares in APSEZ for 1,000 shares in GPL for the 58.1 per cent stake held by DVS Raju and Family in GPL.