M&A

M&A

Adani Ports to acquire indirect control of Kanpur Fertilizers for Rs.1,500-Cr under Jaiprakash Assoc

BSE Announcement   Economic Times   Jaypee Fertilizers & Industries  

Adani Ports and Special Economic Zone (APSEZ) is to acquire a 100% shareholding in Jaypee Fertilizers & Industries from Jaiprakash Associates for INR 1,500 crore, in an all-cash deal, as part of the National Company Law Tribunal (NCLT)-approved resolution plan. The deal, which received Competition Commission of India approval in August 2025, is expected to be completed within 90 days from March 17, 2026.This acquisition grants APSEZ indirect control over Kanpur Fertilizers and Chemicals, which owns approximately 243 acres of industrial and commercial land in Kanpur.The company intends to use the acquired land parcel to develop a large logistics park and warehousing hub. This move is part of the company's strategy to strengthen its inland logistics network in North India and supports its goal of expanding its network of multimodal logistics parks from 12 to 16 while increasing warehousing capacity nearly fourfold by 2031.