Adani Enterprises Ltd.

Adani Enterprises’ wholly owned step-down subsidiary -- Adani Airport City (AACL) has executed a share purchase agreement (SPA) with Portus Ventures (PVPL) and existing shareholders of PVPL for acquisition of 100% equity shares in PVPL. The cost of the acquisition is Rs 1.40 lakh.

The acquisition aims to undertake Real estate activities with owned or leased property, construction of buildings carried out on own - account basis or on a fee or contract basis, Hotels and Motels, resorts providing short term lodging facilities. The acquisition shall be completed by June 17, 2026.

Adani Enterprises (AEL), the flagship company of the Adani Group, is in the business of integrated resources management, mining services and other trading activities. The company operates as an incubator, establishing new businesses in various areas like new energy ecosystem, data center, airports, roads, copper, digital space and others.