Adani Ports Acquires Jaypee Fertilizers for ₹1,500 Crore

Adani Ports executed a Share Purchase Agreement to acquire 100% of Jaypee Fertilizers & Industries Ltd for ₹1,500 crore.
The acquisition provides control over 243 acres in Kanpur for developing a logistics park and warehousing facilities.
This strategic move supports the company's goal to expand its MMLP network from 12 to 16 and quadruple warehousing capacity by 2031.
The transaction is part of an NCLT-approved resolution plan for Jaiprakash Associates Ltd, with all regulatory approvals already secured.