Adani Enterprises Completes 51% Acquisition of D P Jain TOT Toll Roads

Adani Enterprises Ltd has completed the acquisition of 51% of the equity share capital of D P Jain TOT Toll Roads Private Limited through its wholly owned subsidiary, Adani Road Transport Limited. The acquisition is in line with the company's strategy to increase its footprint in the road infrastructure development. The target company, DPJ TOT, holds the concession agreement for tolling, operation, maintenance, and transfer of a section of NH-27 in Gujarat. The acquisition is subject to necessary government/regulatory approvals, including the National Highways Authority of India. The consideration for the acquisition is INR 1,342 crore, to be paid in cash.