Tata Steel Limited’s subsidiary TM International Logistics Limited (TMILL) has divested its entire stake in TM Harbour Services Private Limited (TM Harbour) to Adani Ports for a consideration of Rs. 106.27 crore.
Upon the completion of the transaction, TM Harbour would become a wholly-owned subsidiary of Adani Ports.
|Deal||Adani Ports acquires TM Harbour from TMILL|
|Law firms||Argus Partners – TMILL; Cyril Amarchand Mangaldas – Adani Ports|
|Partners/ Heads||Argus Partners – Arka Majumdar; Cyril Amarchand Mangaldas – Smruti Shah|
Argus Partners acted for TMILL, through a team led by Partner Arka Majumdar, along with Managing Associate Nidhi Arya.
Cyril Amarchandas Mangaldas advised Adani Ports, with a team led by Partner Smruti Shah.
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