Indian Oiltanking

Indian Oiltanking Signed Agreement With Adani Ports

Indian Oiltanking Signed Agreement With Adani Ports

On Wednesday, Adani Ports and the Special Economic Zone Ltd. (APSEZ) announced that it acquired a 49.38% stake in Indian Oiltanking for Rs 1,050 crore.  APSEZ, a flagship transportation sector of the Adani group, is India’s largest private ports and logistics company.  Under the agreement, Adani Ports will also obtain an additional 10% equity stake…