Adani Ports and Special Economic Zone Limited has informed the Exchange regarding 'Completion of Acquisition of Jaypee Fertilizers & Industries Limited.'.
ADANIPORTS · price
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Adani Ports and Special Economic Zone Limited has completed the acquisition of 100% shareholding in Jaypee Fertilizers & Industries Limited (JFIL) from Jaiprakash Associates Limited (JAL). The deal was executed through a Share Purchase Agreement under JAL's approved resolution plan, indicating this acquisition was part of a bankruptcy/restructuring process. The transaction was consummated on May 21, 2026, and marks Adani Ports' entry into the fertilizers sector through this strategic acquisition.
This acquisition expands Adani Ports' business diversification beyond logistics and port operations into the fertilizers/chemicals sector, leveraging opportunities from the resolution plan of a stressed asset. The deal signals continued M&A appetite from the Adani Group.