Joint Venture29 Feb 2024, 06:45 pm
Adani Enterprises Limited Enters Joint Venture Agreement for Food and Beverage Business
AI Summary
Adani Airport Holdings Limited, a wholly owned subsidiary of Adani Enterprises Limited, has executed a joint venture agreement with Travel Food Services Private Limited and AJ Holding Limited to acquire 50.02% stake in Semolina Kitchens Private Limited for food and beverage and lounge business.,
Key Highlights
- Adani Enterprises Limited enters joint venture agreement for food and beverage business
- Adani Airport Holdings Limited acquires 50.02% stake in Semolina Kitchens Private Limited
- Transaction done at arm's length
- No related party transaction