Adani Ports sets up new firm Bu Agri Logistics through its subsidiary

Through a regulatory filing, Adani Ports has incorporated a new firm BU Agri Logistics, through its wholly owned subsidiary Adani Agri Logistics.

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Adani may sell 4.5% stake in Ambuja Cement to raise Rs 3,000 cr for debt repayment

The paid up share capital of the new agricultural logistics firm is Rs 5 lakh. The move comes at a time when Adani is selling stakes in different entities to cut its debt borrowed against shares.