Adani Enterprises Limited — JV/Acquisition, 21-02-2025: Acquisition

Adani Road Transport Limited (ARTL), a wholly owned subsidiary of Adani Enterprises Limited, has incorporated a new wholly owned subsidiary, Indore Gujarat Road Limited (IGRL), with an authorized and paid-up share capital of Rs. 1 lakh divided into 10,000 equity shares. IGRL is positioned in the road infrastructure services sector and aims to engage in infrastructure-related business activities. Currently, IGRL has not commenced operations, which implies there are no financial metrics from past performance to assess. This move is expected to enhance operational focus and support future growth in the infrastructure domain, potentially benefiting shareholders through expanded capabilities.