Adani Enterprises said that its fully-owned subsidiary Adani Defence Systems and Technologies has agreed to acquire a 50% stake in General Aeronautics Private Limited, an end-to-end agri platform solution provider based in Bengaluru. The Adani Group company didn’t reveal the amount of the all-cash deal, which is expected to close by the end of next […]
The Adani Family has signed a deal worth $10.5 billion with Swiss building materials company Holcim to acquire the latter’s entire stake in Ambuja Cements and ACC Ltd. Through its subsidiaries, Holcim has a 63.19% stake in Ambuja Cements and a stake of 54.53% in ACC Ltd., of which 50.05% is held via Ambuja Cements. […]
Adani Enterprises said that International Holding Company PJSC (IHC), an Abu Dhabi-based investment company, has finalized an investment of INR 15,400 crores ($2 billion) in the Adani portfolio companies — Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL), and Adani Enterprises Limited (AEL). Sagar Adani — Executive Director of Adani Green Energy said: “We […]
Adani Wilmar Limited (AWL), an Indian fast-moving consumer goods (FMCG) food company, said that it has acquired various brands including the Kohinoor Brand – domestic (India region) from McCormick Switzerland for an undisclosed price. Through the acquisition, Adani Wilmar gains exclusive rights over the Kohinoor basmati rice brand in addition to ‘ready to cook’, ‘ready […]
Adani Enterprises said that its subsidiary Navi Mumbai International Airport Private Ltd (NMIAL) has reached financial closure for a new international airport project of the same name at Navi Mumbai. The milestone was reached after the signing of financing documents with the State Bank of India (SBI). According to Adani Enterprises, SBI had underwritten 100% […]
Adani Ports and Special Economic Zone Limited has incorporated a new fully-owned subsidiary called HDC Bulk Terminal Limited. The newly founded subsidiary belongs to the port industry and is yet to begin its business, said Adani Ports and Special Economic Zone. According to the Adani Group company, HDC Bulk Terminal has been created for the […]
Adani Ports and Special Economic Zone Limited said that its fully-owned subsidiary — Adani Krishnapatnam Port Limited has agreed to acquire 100% of Seabird Distriparks (Krishnapatnam) Private Limited for a sum of INR 19.22 crores. Seabird Distriparks is involved in owning, operating, and maintaining container freight station, which are facilities established for in-transit container handling, […]
Adani Total Gas Limited said that it has received letters of intent (LoI) from the Indian Petroleum and Natural Gas Regulatory Board (PNGRB) to develop city gas distribution (CGD) networks under the 11th CGD Bidding Round. The company bagged LOI for 11 geographical areas (Gas) across the states of Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, […]
Adani Enterprises Limited said that it has sold its 100% stake in DC Development Noida Private Limited (DCDNPL) to AdaniConnex Private Limited for a sum of INR one lakh. AdaniConnex is a 50% joint venture firm of the Adani Group flagship company with EdgeConneX Europe B.V. As a result of the transaction, DC Development Noida […]
The Adani Group said that it is investing in Indian online travel aggregator (OTA) Cleartrip Private Limited, a part of the Flipkart Group. As part of the undisclosed investment, the Indian conglomerate will acquire a significant minority stake in the travel booking app. By acquiring the stake, it is expected that the Adani Group and […]