Adani to acquire Jaypee fertiliser arm for Rs 1.5k cr

NEW DELHI: Adani Ports and Special Economic Zone (APSEZ), on Thursday said it will acquire a 100% stake in Jaypee Fertilisers & Industries (JFIL) from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL.In a regulatory filing, APSEZ said the acquisition will further consolidate the company’s inland logistics presence and service capabilities in North India. The acquisition aligns with the company’s ambition to expand its MMLP (multi-modal logistics park) network from 12 to 16 and warehousing capacity by 4X by 2031, it added.“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 (Jaiprakash Associates Limited),” the country’s largest private port operator said.JFIL is the holding company of Kanpur Fertilisers and Chemicals Limited (KFCL), which has 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.