India: Gautam Adani's buyout of promoter stake in Snowman Logistics hits hurdle

India: Gautam Adani's buyout of promoter stake in Snowman Logistics hits hurdle

Gautam Adani Photographer: Adeel Halim/Bloomberg

Billionaire Gautam Adani’s acquisition of cold chain logistics company Snowman Logistics Ltd has hit a hurdle after the latter’s promoters on Monday said the agreement to sell a 40.25% promoter stake to Adani is no longer valid.

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