Intimation regarding divestment in Veracity Supply Chain Limited ( Veracity ), a Joint Venture Company.
ADANIPORTS · price
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Adani Logistics Limited (ALL), a material subsidiary of Adani Ports, is divesting its 49% stake in Veracity Supply Chain Limited to its joint venture partner Riddhi Infocom Solutions LLP, while retaining a 1% stake. A Joint Venture Termination Agreement was signed on June 20, 2025, the same day the sale is expected to complete. The total consideration for the divestment is just Rs. 4.90 lakhs, even though Veracity had a turnover of about Rs. 362.83 crore (Rs. 36,283.47 lakhs) as of March 31, 2025, but a very thin net worth of only Rs. 10.99 lakhs. The transaction is not a related party deal and the buyer is not part of the Adani promoter group.
This is a minor financial transaction with negligible cash impact (Rs. 4.90 lakhs) and should not materially affect Adani Ports' consolidated financials or stock price. It simply marks a clean exit from a non-controlling JV position where the bulk of economic value sits with the majority partner.