Adani Enterprises’ wholly owned subsidiary -- Adani Airport Holdings (AAHL) has executed a share purchase agreement (SPA) with SKYIWAVE and its existing shareholders for acquisition of 100% equity shares in SKYWAVE on March 30, 2026.
On the same day, AAHL has completed the acquisition process and taken over the operational control of SKYIWAVE. The cost of the said acquisition is Rs 3 crore. The object of acquisition is to operate and maintain OOH advertising, hoardings, and innovative media solutions. Consequently, SKYIWAVE has become a wholly owned subsidiary of AAHL and a step-down subsidiary of the company effective March 30, 2026.
Adani Enterprises (AEL), the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.
| Company Name | CMP |
|---|---|
| Redington | 228.90 |
| Adani Enterprises | 2246.75 |
| Amrapali Industries | 17.90 |
| Rashi Peripheral | 478.75 |
| PDS | 295.30 |
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