Adani Ports acquires 49.38% stake in Indian Oiltanking Ltd for Rs 1,050 crore

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has entered into a definitive agreement for the acquisition of Oiltanking India GmbH’s 49.38% per cent equity stake in Indian Oiltanking Ltd (IOTL), which is one of Indias largest developer and operator of liquid storage facilities.

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