Adani Enterprises Limited has informed the stock exchanges that its wholly owned step-down subsidiary, Adani Airport City Limited, has completed the acquisition of 100% of the equity share capital of Portus Ventures Private Limited. The acquisition was completed on June 10, 2026, in accordance with the terms of the share purchase agreement that was executed between the parties on June 8, 2026.
AACL had entered into the SPA on June 8, 2026, with PVPL and the existing shareholders of PVPL for the acquisition of the entire shareholding in the target company. Adani Enterprises Limited received the intimation of the acquisition completion from AACL on June 10, 2026, at 6:13 PM IST.
Adani Enterprises Limited had previously disclosed the execution of the SPA and the proposed acquisition in an intimation to the exchanges dated June 8, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations read with Part A of Schedule III, which governs the disclosure of material events by listed entities.
AACL is a wholly owned step-down subsidiary of Adani Enterprises Limited. The acquisition of the entire equity share capital of PVPL has been completed in accordance with the terms and conditions agreed upon in the SPA. The filing confirmed that the transaction has been consummated under the definitive agreement between the involved parties.
Adani Enterprises Limited is the flagship incubator entity of the Adani Group with diversified business interests spanning across airports, energy, data centers, roads, and infrastructure development sectors. Adani Enterprises Limited serves as the primary vehicle for the group's new business ventures and expansions.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.