Deals6 Nov 2025, 11:11 pm
Adani Enterprises to Divest Entire Stake in PT Adani Global Indonesia
AI Summary
Adani Enterprises Ltd. has received an intimation from its subsidiaries, Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore), about the execution of a Securities Purchase Agreement (SPA) on November 6, 2025. The SPA pertains to the divestment of their entire stake in PT Adani Global (Indonesia) ('PTAG'). Upon completion of the transaction, PTAG and its step-down subsidiaries will cease to be step-down subsidiaries of Adani Enterprises Ltd. The transaction details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are provided in the text.
Key Highlights
- Adani Enterprises Ltd. subsidiaries to divest entire stake in PT Adani Global Indonesia
- Transaction value: USD 125 Million
- Buyer: ENERGICO FZCO (not a promoter/promoter group/group company)
- Expected completion date: Not later than November 30, 2025
- PT Adani Global Indonesia and its step-down subsidiaries to cease being step-down subsidiaries of Adani Enterprises Ltd.