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The latest announcement is out from Adani Ports & Special Economic Zone Ltd ( (IN:ADANIPORTS) ).
Adani Ports & Special Economic Zone Ltd, through its step-down subsidiary Mandhata Build Estate Limited, has acquired a 100% stake in Dependencia Logistics Private Limited. This acquisition, completed for a cash consideration of Rs. 37.77 crores, aims to bolster Adani Ports’ logistics business. Dependencia, incorporated in India, is yet to commence business operations, and the acquisition is expected to enhance Adani’s market positioning in the logistics sector.
More about Adani Ports & Special Economic Zone Ltd
Adani Ports & Special Economic Zone Ltd is a prominent player in the logistics and port management industry, primarily focusing on port operations, logistics, and special economic zones. The company is known for its extensive network of ports and logistics services, which cater to a wide range of industries and markets.
Average Trading Volume: 249,720
Technical Sentiment Signal: Buy
Current Market Cap: 2912.7B INR
See more data about ADANIPORTS stock on TipRanks’ Stock Analysis page.