Adani Enterprises Subsidiary Acquires Portus Ventures for ₹1.4 Lakhs

Adani Airport City Limited (AACL), a wholly owned step-down subsidiary of Adani Enterprises Limited, has signed a Share Purchase Agreement (SPA) to acquire 100% equity shares in Portus Ventures Private Limited (PVPL) for a cash consideration of INR 1.40 lakhs. PVPL, incorporated in India on April 2, 2024, is in the Real Estate, Hotels, Motels, and Resorts industry and has not yet commenced business operations, with a reported turnover of Nil. The acquisition is expected to be completed by June 17, 2026. The stated objects of the acquisition include undertaking real estate activities, construction, and operating hotels and resorts.