date:Jan 09, 2020
viders in India.
The acquisition gives Adani Logistics platform to double its capacity in the next five years. The buyout is in line with the firm's strategy to move from port gate to customer gate.
The purchase price of ?44 per share represents a 3.2% premium to the market price of December 27, 2019 and a 12 percent premium to 60 day average, it said.
As part of the transaction, Adani Logistics will make a mandatory open offer as per the Substantial Acquisition of Shares and Takeover Guidel