Adani Enterprises Ltd.

Adani Enterprises’ (AEL) wholly-owned subsidiary -- Adani Road Transport has decided to terminate the pact to purchase Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore.

Earlier, on August 4, 2022, Adani's wholly-owned subsidiary had entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company (GRICL) -- (owned 56.8 per cent by Macquarie Asia Infrastructure Fund) and Swarna Tollway (STPL) (owned 100 per cent by Macquarie Asia Infrastructure Fund).

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