Adani Ports cracks post inter-group acquisition of Adani Logistics | Editorji
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Adani Ports cracks post inter-group acquisition of Adani Logistics

Feb 25, 2019 15:37 IST

Adani Ports and Special Economic Zone saw a sharp fall in trade after the company said its subsidiary, Adani Logistics, will acquire Adani Agri Logistics from Adani Enterprises in all cash deal.The transaction is proposed at an enterprise value of Rs 1,662 crore. Some concerns around the acquisition include questions on capital allocation, an expensively priced inter - group deal and whether the group planned to merge more assets into Adani Ports.