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Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd

Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL).

Adani, Adani Group
Photo: Bloomberg
Press Trust of India New Delhi
1 min read Last Updated : Oct 31 2023 | 8:57 PM IST

Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL).

VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000.

"Adani Logistics Ltd, a wholly owned subsidiary of the company, has subscribed 50,000 equity shares (50 pc) of Veracity Supply Chain Private Ltd (VSCPL) incorporated on October 31, 2023 (11:48 AM IST)," Adani Logistics Ltd said in a BSE filing.

VSCPL has been incorporated to provide last-mile connectivity to customers from in-land container depot, powered by digital transport management system, as per a statement.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Adani LogisticsStake sale

First Published: Oct 31 2023 | 8:57 PM IST

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