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Adani Enterprises’ arm acquires 100% stake in LMDF

07 Mar 2024 Evaluate

Adani Enterprises’ step-down subsidiary -- Ospree International FZCO, Dubai has acquired the 100% stake in LE MARCHE Duty Free SAS (LMDF) on March 6, 2024.  The acquisition is of strategic nature in the interest of Mumbai Travel Retail. LMDF is incorporated in France on February 7, 2024 for the purpose of operating Duty Free business in France. Cost of acquisition is 5000 Euro. 

Adani Enterprises 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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