date:Jan 09, 2020
Billionaire Gautam Adani's port-to-power Adani Group has acquired majority stake in Snowman Logistics Ltd for ?2.96 bln to foray into cold chain logistics.
Adani Logistics Ltd, a wholly-owned subsidiary of Adani Ports and SEZ Ltd, signed definitive agreements to acquire 40.25% stake in Snowman Logistics Ltd from Gateway Distriparks Ltd, the company said in a statement. Snowman is market leader in cold chain logistics with over 30% of capacity amongst integrated organised cold chain service pro