Adani Enterprises Limited is an Indian multinational publicly listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and is primarily involved in the mining and trading of coal and iron ore.
Adani Enterprises Ltd. on November 29, 2024, said its wholly owned subsidiary, Adani Airport Holdings Ltd (AAHL), has acquired a 99% stake in Aviserve Facilities Private Ltd. and Aviground Facilities Private Ltd. The acquisition involves an aggregate investment of ₹1.98 crore, with ₹99 lakh allocated for each company.
“We would like to inform you that Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of the company, has acquired a 99% stake in both Aviserve Facilities Private Limited (Aviserve) and Aviground Facilities Private Limited (Aviground),” Adani Enterprises said in a regulatory filing.
Both target entities specialise in providing non-aeronautical services at Mumbai Airport. Aviserve focuses on meet-and-greet services, including assistance with passenger check-ins, lounge access, baggage handling, immigration processes, and transportation services. Meanwhile, Aviground caters to general aviation terminal services.
Aviserve, incorporated on March 4, 2021, and Aviground, established on February 16, 2021, will now operate as step-down subsidiaries of Adani Enterprises. The acquisition is not categorised as a related-party transaction and has been executed at arm’s length.
Adani Enterprises Limited. stock is trading at ₹2,462.95 per share, whereas the stock is high traded at ₹2,508.00 per share.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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