Adani Enterprises’ wholly-owned subsidiary -- Adani Road Transport (ARTL) is planning to acquire a 49 percent stake in Maharashtra Border Check Post Network (MBCPNL), with an option to acquire additional stake subject to regulatory approval. The acquisition is at an enterprise value of Rs 1,680 crore implying an attractive EBITDA multiple of 7x. The deal is subject to customary regulatory and lender's approvals and is expected to close in Q3 FY22.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.
