Adani Ports and Special Economic Zone Ltd., through its wholly owned arm, Adani Logistics Ltd., subscribed to a 50% stake in Veracity Supply Chain Pvt.
The newly incorporated company will provide last-mile connectivity to customers from inland container depots, powered by a digital transport management system, it said in an exchange filing on Tuesday.
Adani Logistics has subscribed to 50,000 equity shares at a price of Rs 10 each for a total of Rs 5 lakh, according to the statement.
Riddhi Infocom Solutions LLP will subscribe to the remaining 50% of the Veracity Supply Chain.
Shares of Adani Ports and Special Economic Zone closed 0.06% lower at Rs 784.5 apiece, as compared with a 0.32% decline in the benchmark Nifty 50 on Tuesday.
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.
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