Adani Ports and Special Economic Zone Ltd.

BSE: 532921 | NSE: ADANIPORTS
Large Cap | Port
1585.90
-17.90 (-1.12%)
< Home < Back

Adani Ports’ arm incorporates wholly owned subsidiary

Date: 27-02-2023

Adani Ports and Special Economic Zone’s (APSEZ) step down subsidiary -- Adani Agri Logistics has incorporated wholly owned subsidiary namely ‘PU Agri Logistics’ on February 25, 2023. PU Agri has been incorporated as a wholly owned subsidiary of Adani Agri Logistics for the purpose of development, design, construction, financing, procurement, engineering, operation and maintenance of Silo Complexes (Spoke Silo Complex) without Container Depot on Design, Build, Finance, Own and Operate basis under PPP mode at twenty-six locations in Punjab. The Cost of acquisition is Rs 5,00,000 (50,000 Equity Shares of Rs 10 each).

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.