Adani Enterprises to acquire 49% stake in Sadbhav Infra arm:


Adani Road Transport Limited (ARTL), a wholly-owned subsidiary of Adani Enterprises, has signed a definitive agreement with Sadbhav Infrastructure Project (SIPL) for acquisition of Maharashtra Border Check Post Network Limited (MBCPNL).

ARTL will initially acquire 49% stake in MBCPNL with an option to acquire additional stake in MBCPNL subject to receipt of regulatory approvals, as per the company release.

Adani Enterprises was quoting at Rs 1,441.75, up Rs 11.05, or 0.77 percent on the BSE.

News Source:- Moneycontrol

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