Adani Enterprises completes acquisition of DPJ TOT Toll Roads
pre-market1 source ↓written by the desknot a recommendation
- of D P
- 100% acquisition
- valued
- ₹1,342 cr
- and all optionally
- 49% equity
Adani Enterprises Limited has completed the 100% acquisition of D P Jain TOT Toll Roads Private Limited through its subsidiary Adani Road Transport Limited. The deal, valued at ₹1,342 cr, includes acquiring the remaining 49% equity and all optionally convertible redeemable preference shares. This move enhances Adani's footprint in Gujarat's road infrastructure sector.
The acquisition is significant for traders as it strengthens Adani's position in the growing infrastructure market, potentially driving future revenue growth.
Not investment advice. For informational purposes only.