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Adani Enterprises’ arm acquires entire stake in VCPL

24 Aug 2022 Evaluate

Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks (AMNL) has acquired 100% equity stake in Vishvapradhan Commercial (VCPL), in accordance with the terms contemplated under the purchase agreement on August 23, 2022 executed between AMNL, Nextwave Televentures (NTPL), Eminent Networks (ENPL, collectively with NTPL as ‘Sellers’) and VCPL. The acquisition cost would be at an enterprise value of Rs 113.74 crore.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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