Navkar Corporation

Shares of Navkar Corporation surged up to 4.68 per cent at Rs 128.60 per share intraday on the BSE

An open offer will be made to the rest of the shareholders of Navkar Corporation which will cost around Rs 412.17 cr

Adani Logistics has signed a definitive agreement to acquire the ICD "Tumb" (Vapi) from Navkar Corporation Ltd for an enterprise value of Rs 835 crore

Adani Logistics, a wholly owned subsidiary of Adani Ports and SEZ, has signed a definitive agreement to acquire the ICD "Tumb" (Vapi) from Navkar Corporation for an enterprise value of Rs 835 crore

The stock hit an all-time low of Rs 41.35, down 17% on Friday, falling 26% in past two trading days on BSE.

The contract is for operation and management of KRIL's container freight station/ICD and handling of container trains at Hazira Terminal, Gujarat,