NEW DELHI: Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL.
Adani Ports and Special Economic Zone Ltd (APSEZ), in a regulatory filing, said the acquisition will further consolidate the company’s inland logistics presence and service capabilities in North India.
The acquisition aligns with the company’s ambition to expand its MMLP (Multi-Modal Logistics Park) network from 12 to 16 and warehousing capacity by 4X by 2031, it added.
“As part of the implementation of the approved resolution plan, the company has entered into a share purchase agreement with Jaiprakash…