Get latest articles and stories on Latest News at LatestLY. Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said that it has acquired 49.38 per cent stake in Indian Oiltanking Ltd developer and operator of liquid storage facilities for Rs 1,050 crore. Latest News | Adani Ports Acquires 49.38 Pc Stake in Indian Oiltanking for Rs 1,050 Crore.
Adani Ports and Special Economic Zone Ltd. has agreed to buy a 49.38% stake in liquid storage facility company Indian Oiltanking Ltd. for 10.5 billion rupees ($129 million) as its billionaire founder, Gautam Adani, seeks to bolster cargo handling operations in India.
This agreement also includes acquisition of an additional 10 per cent equity stake in IOT Utkal Energy Services Ltd, a 71.57 per cent subsidiary of IOTL.Over
This agreement also includes acquisition of an additional 10 per cent equity stake in IOT Utkal Energy Services Ltd, a 71.57 per cent subsidiary of IOTL.Over
Adani Ports acquires 49 38% stake in Indian Oiltanking Ltd for Rs 1,050 crore netindian.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netindian.in Daily Mail and Mail on Sunday newspapers.