IOTL

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…