Tata Steel Limited’s subsidiary TM International Logistics Limited (TMILL) has divested its entire stake in TM Harbour Services Private Limited (TM Harbour) to Adani Ports for a consideration of Rs. 106.27 crore..Upon the completion of the transaction, TM Harbour would become a wholly-owned subsidiary of Adani Ports..DealAdani Ports acquires TM Harbour from TMILLValue106 croreDeal TypeM&ASectorShippingLaw firmsArgus Partners – TMILL; Cyril Amarchand Mangaldas – Adani PortsPartners/ HeadsArgus Partners – Arka Majumdar; Cyril Amarchand Mangaldas – Smruti Shah.Argus Partners acted for TMILL, through a team led by Partner Arka Majumdar, along with Managing Associate Nidhi Arya..Cyril Amarchandas Mangaldas advised Adani Ports, with a team led by Partner Smruti Shah.
