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Adani Enterprises acquires 100% stake in SIBIA

28 Dec 2022 Evaluate

Adani Enterprises (AEL) has acquired 100% stake of SIBIA Analytics and Consulting Services (SIBIA) on December 27, 2022. The acquisition is of strategic nature and will help Adani Group to enhance its AI / ML capabilities. Cost of acquisition is Rs 14.80 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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