In a significant development, Macrotech Developers has acquired Janus Logistics and Industrial Parks Private Limited (JLIPPL) in a cash transaction valued at Rs 47.94 crore. The acquisition marks Macrotech's entry into Delhi NCR and strategic expansion in the digital infrastructure domain, Macrotech informed the bourses.
JLIPPL, a company engaged in the construction and development of warehousing and logistics assets, was incorporated on December 20, 2022, and has yet to commence business operations, resulting in no turnover for the past three years.
The acquisition does not fall within the realm of related party transactions, and there is no promoter, promoter group, or group company interest in JLIPPL. The transaction was conducted at arm’s length, ensuring fair and equitable terms for all parties involved.
The acquisition aligns with the strategic objectives of the acquiring company to achieve calibrated growth in digital infrastructure, particularly in the industrial and logistics sectors. This move is expected to bolster their capabilities in developing and managing logistics assets, a critical component in the ever-evolving supply chain and e-commerce landscapes.
No governmental or regulatory approvals were required for this transaction, facilitating a swift and seamless acquisition process. The completion of the transaction was confirmed on November 29, 2024, with the acquiring company securing 100% equity stake in JLIPPL from Phoenix Logistics and Industrial Parks Private Limited.
The logistics sector continues to witness substantial growth and investment, driven by the increasing demand for efficient warehousing and supply chain solutions. This acquisition underscores the growing emphasis on enhancing logistics infrastructure to support the burgeoning digital economy.
As the acquiring entity integrates JLIPPL into its operations, industry analysts will keenly observe the developments and potential synergies that this acquisition might bring to the logistics and industrial parks sector.
