Adani Ports Subsidiary Acquires 51% Argentine Maritime Stake

Adani Ports' step-down subsidiary TAHID acquires 51% stake in Argentina's Meridian Transportes Marítimos S.A. for cash consideration.
The acquisition establishes a joint venture for nautical services in Argentina leveraging Meridian's 10-year vessel contract with Southern Energy S.A.
Meridian reported net profit of approximately USD 1,499 in FY2025 after losses in previous two fiscal years.
Transaction includes reciprocal agreement for TAHID to sell 20% stake in UAE vessel company to Meridian's affiliate.