NSEAcquisition6d ago · 13 Aug 2026, 06:13 pm
Acquisition
Adani Enterprises Limited · ADANIENT
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Adani Enterprises Limited has informed the Exchange about Acquisition of Path Highway LLP by Adani Road Transport Limited, a wholly owned subsidiary of the Company and Adani Road GRICL Limited, a wholly owned subsidiary of ARTL and step down subsidiary of the Company. The acquisition is in line with the Company's strategy to increase its footprint in the road infrastructure development industry.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Adani Enterprises Limited has informed the Exchange about Acquisition of Path Highway LLP by Adani Road Transport Limited, a wholly owned subsidiary of the Company and Adani Road GRICL Limited, a wholly owned subsidiary of ARTL and step down subsidiary of the Company,
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13th August, 2026
BSE Limited National Stock Exchange of India Limited
P J Towers, Exchange plaza,
Dalal Street, Bandra-Kurla Complex,
Mumbai – 400001. Bandra (E), Mumbai – 400051.
Scrip Code: 512599 Scrip Code: ADANIENT
Sub.: Intimation for acquisition by a wholly owned subsidiary
Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
We wish to inform that Adani Road Transport Limited (“ARTL”), a wholly owned subsidiary of
the Company and Adani Road GRICL Limited (“GRICL”), a wholly owned subsidiary of ARTL
and step down subsidiary of the Company, have acquired 99.99% and 0.01% stake
respectively, in Path Highway LLP (“PATH”) from Prakash Asphalting and Tolls Highway
(India) Limited (“Seller 1”) and Mrs. Neeti Agarwal (“Seller 2”).
Intimation regarding the aforesaid acquisition was received by the Company on 13th August,
2026 at 12:58 PM.
Prior to above acquisition, ARTL and PATH were holding 74%:25.99% stake in Mancherial
Repallewada Road Limited (“MRRL”); Suryapet Khammam Road Limited (“SKRL”) and Bilaspur
Pathrapali Road Limited (“BPRL”). Consequent to the above acquisition, ARTL will hold
99.99% shareholding in MRRL, SKRL and BPRL.
The details (as required to be furnished pursuant to Regulation 30 read with Para A of Part
A of Schedule III of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated 30th January, 2026) are enclosed as Annexure 1. You are
requested to take the same on your records.
You are requested to take the same on your records.
Thanking you,
Yours faithfully,
For Adani Enterprises Limited
Jatin Jalundhwala
Company Secretary & Joint President (Legal)
Membership No. FCS-3064
Adani Enterprises Limited Tel + 91 79 2656 5555
“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle Investor.ael@adani.com
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad – 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067
Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad – 382 421
Annexure 1
Sr Particulars Details
1 Name of the target entity, details in Path Highways LLP (“PATH”)
brief such as size, turnover etc.
2 Whether the acquisition would fall The promoter/promoter group does not
within related party transaction(s) and have any interest in the transaction.
whether the promoter/ promoter group/
group companies have any interest in Prior to acquisition, PATH was holding
the entity being acquired? If yes, nature 25.99% stake in MRRL, SKRL and BRPL
of interest and details thereof and and hence was their related party.
whether the same is done at “arm’s
length” The transaction is done at arm’s length
basis.
3 Industry to which the entity being Roads - Infrastructure
acquired belongs
4 Objects and impact of acquisition The acquisition is in line with the
(including but not limited to, disclosure Company’s strategy to increase its
of reasons for acquisition of target footprint in the road infrastructure
entity, if its business is outside the main development industry
line of business of the listed entity)
5 Brief details of any governmental or NA
regulatory approvals required for the
acquisition
6 Indicative time period for completion of Acquisition has been completed.
the acquisition
7 Consideration - whether cash Cash
consideration or share swap or any
other form and details of the same
8 Cost of acquisition and/or the price at INR 91.34 crore (subject to closing
which the shares are acquired adjustments)
9 Percentage of shareholding / control 100% of capital contribution/profit-
acquired and / or number of shares sharing ratio
acquired
10 Brief background about the entity PATH was incorporated on December 13,
acquired in terms of products/line of 2018 under the Limited Liability
business acquired, date of Partnership Act, 2008 and registered
incorporation, history of last 3 years with the Registrar of Companies,
turnover, country in which the acquired Gwalior, and functions as an investment
entity has presence and any other holding vehicle in road infrastructure
significant information (in brief) assets.
Adani Enterprises Limited Tel + 91 79 2656 5555
“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle Investor.ael@adani.com
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad – 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067
Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad – 382 421