Mumbai - Adani Ports and Special Economic Zone (APSEZ) has reportedly secured backing from a lenders’ panel to acquire bankrupt Karanja Terminal & Logistics, marking another potential expansion move for India’s largest private port operator.

According to market sources, creditors have supported Adani Ports’ bid under the insolvency resolution process, paving the way for the transaction to move toward final approvals and regulatory clearances. The acquisition would strengthen APSEZ’s presence in western India’s maritime logistics corridor.

Karanja Terminal & Logistics, located near the Mumbai region, has strategic value due to its access to . . .