The Adani Ports and Special Economic Zone (APSEZ) said it is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore. Adani Ports is also in talks with DVS Raju and family (promoters) for their 58.1 per cent stake in GPL. The remaining 10.4 per cent is held by the Andhra Pradesh Government. The acquisition is expected to expand APSEZ’s market share to 30 per cent across 12 locations in India. GPL is located near the Visakhapatnam Port and has a capacity of 64 million tonne (MT), as per reports.