Argus, CAM on Adani Ports’ acquisition of TM Harbour from Tata Steel for 106 crore

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
Value 106 crore
Deal Type M&A
Sector Shipping
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.