Type of Deal: Acquisition of 50% equity stake (minority investment)
Stake/Capacity: 50% equity stake acquired
Deal Value: USD 25,000 (approximately ₹20.8 lakhs at current exchange rates)
Funding Source: Cash consideration against shares
Financial Impact: Not disclosed in the document. The target entity has nil turnover and is yet to commence commercial activities.
Timeline: Transaction has been completed as of 26th September, 2026
Strategic Rationale: The object of acquisition is to undertake business of manufacturing/extracting alumina/aluminium smelter and Coal-to-Gas business in India. This represents strategic expansion into metals, mining, and chemicals sector.
Approval Status: No governmental or regulatory approvals required. Transaction completed.
Company Background: MAHRSCL is incorporated in Abu Dhabi and registered with ADGM Registration Authority on 15th May, 2025. Authorized Share Capital: USD 50,000. Paid-up Share Capital: USD 50,000.
Transaction Details:
Acquisition executed by Adani Global Limited (AGL), a wholly owned subsidiary
Seller: Monvarex Holding RSC Ltd
Not a related party transaction as per SEBI LODR provisions
Industry classification: Metals, Mining, & Chemicals
