The Adani Ports and Special Economic Zone Ltd (APSEZ) completed the acquisition of Karaikal Port Private Limited (KPPL) for Rs 1,485 crore pursuant to approval by the National Company Law Tribunal (NCLT). Karaikal Port is an all-weather deep-water port that was developed on the Build, Operate and Transfer (BOT) format under Public-Private Partnership (PPP) by the Government of Puducherry.
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