Acquisitions24 Mar 2026, 04:30 pm
Adani Enterprises Completes Acquisition of IANS India Private Limited
AI Summary
Adani Enterprises Ltd has completed the acquisition of the balance 24% Category I shares and 0.74% Category II shares in IANS India Private Limited. This acquisition makes IANS a wholly owned step-down subsidiary of the Company. The transaction was done at arm's length and the cost of acquisition was Rs. 4.70 crore.
Key Highlights
- Adani Enterprises Ltd has completed the acquisition of IANS India Private Limited
- The acquisition was done through AMG Media Networks Limited, a wholly owned subsidiary of the Company
- IANS has become a wholly owned step-down subsidiary of the Company
- The transaction was done at arm's length
- The cost of acquisition was Rs. 4.70 crore