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 . . .

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