Adani Enterprises Ltd.

Adani Enterprises’ joint venture (JV) -- AdaniConneX (ACX) has acquired 100% equity stake of Madhuvanti Build Estate (MBEL) from Adani Infra (India). The object of acquisition is to set up infrastructure facilities. The cost of acquisition is Rs 765.25 crore.

Earlier, the company’s wholly owned step-down subsidiary -- Adani Airport City had executed a share purchase agreement with Portus Ventures (PVPL) and existing shareholders of PVPL for acquisition of 100% equity shares in PVPL. 

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.