Adani Logistics Limited (ALL), a subsidiary of Adani Ports and SEZ Limited, on Thursday announced that it has signed definitive agreements to acquire up to 100 per cent stake in Innovative B2B Logistics Solutions Pvt. Ltd, an entity controlled by private equity firm True North.The acquisition is complementary to ALL adding meaningful size, scale and diversification. It enables ALL to expand its total addressable market, enhance network coverage and create a value chain to handle dry cargo segment, a statement read.The transaction implies an equity value of Rs 43.2 crore for 100 per cent of the InLogistics shares and 10x multiple on InLogistics expected EBITDA for Financial Year 2019. The transaction will be an all cash deal and is expected to be completed by quarter one of Financial Year 2019-2020.Talking about the deal, Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said, "We are excited today to announce the acquisition of Innovative B2B Logistics Solutions ..
