Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement for acquisition of Oiltanking India GmbH's 49.38% equity stake in Indian Oiltanking Ltd (IOTL). The agreement also includes acquisition of an additional 10% equity stake in IOT Utkal Energy Services Ltd. APSEZ CEO Karan Adani said with this, APSEZ becomes India’s largest third-party liquid tank storage company.