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News Browser 6 months ago

Adani Logistics Limited (“ALL”), a wholly owned subsidiary of Adani Ports and SEZ Limited (“APSEZ”), today announced it has signed definitive agreements to acquire upto 100% stake in Innovative B2B Logistics Solutions Pvt. Ltd ("InLogistics"), an entity controlled by Private Equity firm True North. The acquisition is complementary to ALL adding meaningful Size, Scale and Diversification. It enables ALL to expand its total addressable market, enhance network coverage and create a value chain to handle dry cargo segment. The transaction implies an equity value of INR 43.2 Crores for 100% of the InLogistics shares and ~10x multiple on InLogistics’ expected EBITDA for FY19. The transaction will be an all cash deal and is expected to be completed by Q1 FY19-20. For more information, please visit Website - www.adaniports.com

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