Adani Enterprises Ltd Subsidiary to Disinvest 25% Stake in World Plate Collective Cuisines Limited

Adani Enterprises Ltd has received an intimation from its wholly owned subsidiary, Adani Airport Holdings Limited (AAHL), about the execution of a Share Purchase Agreement (SPA) and Joint Venture Agreement (JVA) with World Plate Collective Cuisines Limited (WPCCL) and AJ Holding Limited. Upon completion of the transaction, AAHL and AJ Holding will hold equity shares of WPCCL in the ratio of 75:25. The transaction is between AAHL, WPCCL, and AJ Holding Limited, and is not a related party transaction. The Board of WPCCL will comprise of 4 directors, 3 of whom will be nominated by AAHL and 1 by AJ Holding.