Adani Road Transport Limited (ARTL), a wholly owned subsidiary of Adani Enterprises, has executed a Share Purchase Agreement (SPA) on September 11, 2025, to acquire 100% stake in D P Jain TOT Toll Roads Private Limited (DPJTOT). The acquisition, valued at an Enterprise Value not exceeding Rs 1,342 crore, is subject to regulatory approvals and customary conditions.
The agreement involves ARTL acquiring the stake from D P Jain TOT Toll Roads Pvt. Ltd (DPJTOT), D P Jain & Co Infrastructure Pvt. Ltd., and DPJ-DRA Tollways Pvt Ltd.
The transaction details were disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Particulars | Details |
|---|---|
| Name(s) of parties with whom the agreement is entered | Adani Road Transport Limited (ARTL), a wholly owned subsidiary of the Company & D P Jain TOT Toll Roads Pvt. Ltd (DPJTOT) & D P Jain & Co Infrastructure Pvt. Ltd. and DPJ-DRA Tollways Pvt Ltd. |
| Purpose of entering into the agreement | Acquisition of 100% stake of DPJTOT by ARTL and other matters in connection therewith |
| Shareholding, if any, in the entity with whom the agreement is executed | Nil as at execution date |
| Significant terms of the agreement | ARTL will acquire 100% stake in DPJTOT. The cost of acquisition would be at Enterprise Value not exceeding INR 1,342 Cr. as on September 30, 2025. |
| Whether the said parties are related to promoter/promoter group/ group companies in any manner | ARTL is a wholly owned subsidiary of the Company |
| Whether the transaction would fall within related party transactions? | No |
| In case of issuance of shares to the parties, details of issue price, class of shares issued; | Not applicable |
| Any other disclosures related to such agreements | None |
| In case of termination or amendment of agreement | Not Applicable |
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
