 "Gautam Adani")
In a bid to deepen its presence in the growing domestic logistics industry, Adani Logistics on Saturday announced that it would be acquiring Adani Agri Logistics from Adani Enterprises in an all-cash deal, at a proposed enterprise value of Rs 1,662 crore.
Adani Logistics is a wholly owned subsidiary of the Gautam Adani-led Adani Ports and SEZ (APSEZ). The acquisition is expected to be completed by March, the company said in a press release on Saturday.
“Adani Agri Logistics is the largest agri-products logistics player with long-term contracts and strong margins. This acquisition brings us one step closer towards our vision of
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