Adani Ports And SEZ's Acquisition Of Agri Logistics

Adani Ports and SEZ, the cash cow of the Adani Group, is not presenting a pretty picture financially. It handed out close to Rs 6,240 crore of loans to the subsidiaries and group companies in fiscal 2018. Last fiscal, the company recorded an impairment of close to Rs 300 crore related to such loans.

Investors have also expressed their apprehensions about promoters pledging of shares, which last stood close to 45.51 percent.

All this assumes importance in light of the recent acquisition of a group company Adani Agri Logistics for a consideration of nearly Rs 1,000 crore. Concerns over the acquisition took a toll on its shares yesterday, which closed with a loss of over 8 percent.

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