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

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

The move comes at a time when Adani is selling stakes in different entities to cut its debt borrowed against shares.

FPJ Web DeskUpdated: Saturday, March 11, 2023, 08:02 PM IST
article-image
Image: Adani Ports (Representative)

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

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.

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