Adani forays into cold chain logistics, acquires 40.25% stake in Snowman Logistics
R Sinduja
News Editor
Image Credit: shortpedia
Gautam Adani-led Adani Ports and SEZ enter into cold chain logistics and warehousing business. It has acquired a 40.25% stake in Snowman Logistics for Rs 296 crore from its parent company Gateway Distriparks. The price of the deal was Rs 44 per share. Bengaluru-based Snowman Logistics is a market lender in cold chain logistics with over 30% of capacity amongst integrated organised cold chain service providers in India.
