Adani Logistics, a wholly-owned subsidiary of Adani Ports on Friday announced its plans to acquire cold-chain operator Snowman Logistics with the latter’s promoter Gateway Distriparks Ltd making a complete exit. The Adani Group company will buy the 40.25% stake of Gateway Distriparks for a consideration of Rs 296 crores.

— The Economic Times

Khaitan & Co advised Gateway Distriparks Limited led by a team of partner Prasenjit Chakravarti, principal associate Nitish Goel and senior associate Sushmita Sarin.

In 2013, Bharucha & Partners had acted for Snowman.

2019-12-27

Deal value: USD 41 million

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