Adani Ports' logistics arm to boost warehousing business through a joint venture

According to a regulatory filing, Adani Ports' subsidiary Adani Logistics Limited has formed a joint venture with DA Group, to expand into the warehousing sector.

Both Adani and DA Group will be 50 per cent partners in the new entity, and while Adani Logistics will nominate three directors to its board, DA Group will send two directors.