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Khaitan acts on $41m sale of Snowman Logistics to Adanis

Adani Logistics, a wholly-owned subsidiary of Adani Ports on Friday announced its plans to acquire cold-chain operator Snowman Logistics with the latter’s promoter Gateway Distriparks Ltd making a complete exit. The Adani Group company will buy the 40.25% stake of Gateway Distriparks for a consideration of Rs 296 crores.

The Economic Times

Khaitan & Co advised Gateway Distriparks Limited led by a team of partner Prasenjit Chakravarti, principal associate Nitish Goel and senior associate Sushmita Sarin.

In 2013, Bharucha & Partners had acted for Snowman.


Deal value: USD 41 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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