Adani Ports and Special Economic Zone (APSEZ) announced that its step-down subsidiary, Mandhata Build Estate, has acquired 100 percent stake in Dependencia Logistics from Windson Projects for Rs 37.77 crore through a share purchase agreement.
Dependencia Logistics, incorporated in Mumbai in February 2022, is yet to commence operations and was established to provide transportation and logistics services for all types of goods. Its authorised and paid-up equity share capital stands at Rs 10 lakh, with no turnover recorded to date.
The acquisition aims to expand Adani Ports’ logistics business. The purchase was made entirely through cash consideration.