Shares of Adani Ports and Special Economic Zone Ltd rose 1% to a day’s high of Rs 1,423.10 on 11th September after the company announced that its step-down subsidiary, Mandhata Build Estate Limited, had acquired a 100% stake in Dependencia Logistics Private Limited from Windson Projects LLP for Rs 37.77 crore.

Adani Ports completed the Rs 37.77 crore acquisition of Dependencia Logistics on 10th September, 2025, through a Share Purchase Agreement.

Dependencia Logistics, set up in Mumbai in February 2022, has not yet started operations. It was formed to provide transport and logistics services for all types of goods. The company has an authorised and paid-up capital of Rs 10 lakh and no turnover so far. The deal, made in cash, is aimed at expanding Adani Ports’ logistics business. It is not a related-party transaction.

In its first-quarter results, Adani Ports reported a 6.5% rise in net profit to Rs 3,314.6 crore and a 21% jump in revenue to Rs 9,126 crore year-on-year. EBITDA grew 13% from last year. However, margins slipped to 60.2% from 64.1%.

At 12:21 PM, the shares of Adani Ports were trading 0.84% higher at Rs 1,400.80 on NSE.

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