Adani Enterprises Limited — JV/Acquisition, 01-11-2025: Acquisition

Adani Enterprises has completed a key strategic acquisition, securing a 50% stake in MetTube Copper India Private Limited (MCIPL). The deal, valued at approximately Rs 56.40 Cr, involved a share swap where Adani divested its 50% holding in Kutch Copper Tubes Limited. This transaction transforms both MCIPL (with FY25 turnover of Rs 1,079.12 Cr) and KCTL into joint ventures. The move is designed to leverage combined expertise, significantly expand the copper tube business, and enhance India's self-reliance by reducing import dependency.