Adani Logistics has acquired a majority stake in Snowman Logistics for ₹296 crore, marking its foray into cold-chain logistics. Adani Logistics, a wholly owned subsidiary of Adani Ports and SEZ Ltd, has signed an agreement to acquire 40.25 per cent stake or 6.72 crore shares in Snowman Logistics from Gateway Distriparks, at ₹44 a share. This would trigger a mandatory open offer to the shareholders of Snowman Logistics. Shares of Gateway Distriparks and Snowman will remain in focus.