Adani Ports to acquire indirect control of Kanpur Fertilizers for Rs 1,500 crore under Jaiprakash Associates resolution plan

Adani Ports will acquire Jaypee Fertilizers & Industries for Rs 1,500 crore. This deal gives Adani Ports control of land in Kanpur. This land is suitable for a large logistics park. The acquisition will boost Adani Ports' inland logistics network in North India. It supports their plan to expand multimodal logistics parks and warehousing capacity.