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An update from Adani Enterprises Limited ( (IN:ADANIENT) ) is now available.
Adani Enterprises has disclosed that its wholly owned subsidiary, Adani Road Transport Limited (ARTL), has signed definitive documents to acquire a 49% stake in Sree Vishwa Varadhi Private Limited (SVVPL) through a subscription to fresh securities, with an option to increase its shareholding subject to regulatory approvals. The deal grants ARTL the right to appoint two nominee directors to SVVPL’s board and potentially expand its ownership over time, underscoring Adani’s continued push into the roads and highways segment and strengthening its position in India’s transport infrastructure space, though financial terms of the transaction were not disclosed.
More about Adani Enterprises Limited
Adani Enterprises Limited is the flagship company of the Adani Group, operating as a diversified infrastructure and development conglomerate with interests spanning transport infrastructure, energy, and related services. Through subsidiaries such as Adani Road Transport Limited, the company focuses on developing, operating, and managing road and highway assets across India, aligning with its broader strategy of building and operating core infrastructure platforms.
Average Trading Volume: 52,079
Technical Sentiment Signal: Hold
Current Market Cap: 2918.6B INR
Find detailed analytics on ADANIENT stock on TipRanks’ Stock Analysis page.