Adani Logistics Limited signed a definitive agreement to acquire Inland Container Depot Tumb (Vapi) from Navkar Corporation Limited (BSE:539332) for an enterprise value of INR 8.35 billion on August 16, 2022. The consideration is subject to closing adjustment. The deal comprises acquisition of the operational ICD with capacity to handle 0.5 million TEUs. The turnover of the Business Undertaking as on last financial year ended March 31, 2022 was INR 4032.8 million. The deal is subject to customary regulatory and lender's approvals and is expected to close in Q2 FY23.

Adani Logistics Limited completed the acquisition of Inland Container Depot Tumb (Vapi) from Navkar Corporation Limited (BSE:539332) for an enterprise value of INR 8.35 billion on March 31, 2023.