Adani ports falls 8pc on acquisition plan Agro logistics.
Adani Ports and Special Economic Zone (APSEZ) slipped 8.5 percent to Rs 324 apiece on the BSE in early morning trade on Monday after Adani Logistics (ALL) on Saturday announced that it would be acquiring Adani Agri Logistics (AALL) from Adani Enterprises (AEL) in an all-cash deal, at a proposed enterprise value of Rs 1,662 crore. The transaction is expected to complete by March 2019. AALL is a wholly owned subsidiary of the...
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