Adani Ports' step-down subsidiary acquires 100% stake in Dependencia Logistics for ₹38 crore

Adani Ports and Special Economic Zone Ltd's (APSEZ) on Wednesday (September 10) said its step-down subsidiary, Mandhata Build Estate Limited, has acquired the entire 100% stake in Dependencia Logistics Private Limited from Windson Projects LLP for ₹37.77 crore.

The transaction was completed on September 10, 2025, through a Share Purchase Agreement between the parties.

Dependencia Logistics, incorporated in Mumbai in February 2022, is yet to commence operations but was established with a focus on providing transportation and logistics services for all types of goods. Its authorised and paid-up equity share capital stands at ₹10 lakh, with no turnover recorded to date.

Also Read: Adani Ports handles 41.3 MMT cargo in June, volumes rise 11% in first quarter

The acquisition is aimed at expanding Adani Ports’ logistics business and is not categorised as a related party transaction. The purchase was made through cash consideration.

First Quarter Results

Adani Ports and Special Economic Zone's net profit compared to the same quarter last year increased by 6.5% to ₹3,314.6 crore, while revenue increased by 21% on a year-on-year basis to ₹9,126 crore.

Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 13% from the year-ago period, but margins narrowed to 60.2% from 64.1% during the June quarter last year.

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Shares of Adani Ports and Special Economic Zone Ltd ended at ₹1,388.90, up by ₹8.20, or 0.59%, on the BSE.