Divestment20 Jun 2025, 07:57 pm
Adani Ports Divests 49% Stake in Joint Venture Veracity Supply Chain Limited
AI Summary
Adani Ports and Special Economic Zone Ltd has entered into a Joint Venture Termination Agreement with Riddhi Infocom Solutions LLP for divestment of 49% stake in Veracity, a joint venture between Adani Logistics Limited and Riddhi. The transaction is expected to be completed on June 20, 2025, with a consideration of Rs. 4.90 lakhs. Riddhi Infocom Solutions LLP is not a joint venture partner, promoter, promoter group, or group company of Adani Ports.
Key Highlights
- Adani Ports to divest 49% stake in Veracity Supply Chain Limited
- Transaction amount is Rs. 4.90 lakhs
- Divestment to Riddhi Infocom Solutions LLP
- Expected completion date is June 20, 2025
- Riddhi Infocom Solutions LLP is not a joint venture partner, promoter, promoter group, or group company of Adani Ports