NEW DELHI: Adani Ports and Special Economic Zone (APSEZ) on Thursday announced its plan to acquire a 100% stake in Jaypee Fertilisers & Industries (JFIL) from Jaiprakash Associates for Rs 1,500 crore. This acquisition is part of the resolution plan approved by the National Company Law Tribunal (NCLT) for Jaiprakash Associates Limited (JAL).
Strategic Expansion in North India
In a regulatory filing, APSEZ stated that the acquisition will further consolidate the company's inland logistics presence and service capabilities in North India. The move aligns with the company's ambition to expand its multi-modal logistics park (MMLP) network from 12 to 16 and increase warehousing capacity by four times by 2031.
Details of the Share Purchase Agreement
“As part of the implementation of the approved resolution plan, the company has entered into a share purchase agreement with Jaiprakash Associates Limited for the acquisition of 100% of the shareholding of Jaypee Fertilisers & Industries Limited (the holding company of KFCL), held by JAL,” said the country's largest private port operator.
JFIL is the holding company of Kanpur Fertilisers and Chemicals Limited (KFCL), which owns certain industrial and commercial land parcels in Kanpur. The acquisition is expected to be completed on the 'effective date' under the approved resolution plan, no later than 90 days from March 17, 2026.
Key Highlights:
- Acquisition cost: Rs 1,500 crore
- Target: 100% stake in Jaypee Fertilisers & Industries
- Seller: Jaiprakash Associates Limited
- Approval: NCLT-approved resolution plan
- Completion timeline: Within 90 days from March 17, 2026
This acquisition is expected to enhance APSEZ's logistics footprint in the northern region, leveraging the land parcels of KFCL in Kanpur. The company aims to strengthen its inland supply chain network, supporting its long-term growth strategy in the logistics sector.
