Adani Ports takes 49% stake in Indian Oiltanking for Rs 1,050cr
Adani Ports and Special Economic Zone (APSEZ), an Indian transport utility, has agreed to acquire a 49.38% equity stake in Indian Oiltanking (IOTL) from Oiltanking India GmbH for Rs 1,050 Cr, in a bid to become India’s largest third-party liquid tank storage player. The agreement also facilitates the acquisition of an additional stake of 10% […]