2018
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For acquiring kattupalli port, Adani will be paying
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53 %, Rs 388 crore
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97 %, Rs 1, 950 crore
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87 %, Rs 1, 500 crore
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75 %, Rs 1, 250 crore
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Explanation:
Detailed explanation-1: -’ At present, Adani Ports is expanding the cargo-handling capacity of Kattupalli Port after acquiring 97 per cent equity stake in MIDPL – the joint venture partner of Tamil Nadu government in the public-private partnership sea port project – at a cost of Rs 1950 crore (US $259 million).
Detailed explanation-2: -Adani ports and special economic zone (APSEZ) acquired Kattupalli Port from L&T in June 2018 and renamed it as Adani Katupalli Port Private Limited (AKPPL).
Detailed explanation-3: -A consortium led by India’s Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s Finance Ministry said on Tuesday.
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