India-based Adani Logistics Ltd., a wholly owned subsidiary of multi-port operator Adani Ports and Special Economic Zone Ltd., plans to purchase Adani Agri Logistics Ltd.
Adani Logistics will acquire the company from Indian energy to logistics company Adani Enterprises Ltd. for a cash consideration of 946 crore rupees ($133 million).
Other than the $133 million cash consideration, Adani Logistics will also take in net debt of nearly $98.5 million on its books.
The transaction, subject to regulatory approval, is anticipated to be wrapped up by the end of the ongoing financial year,