Adani Enterprises Limited disclosed that its wholly owned step-down subsidiary, Adani Airport City Limited (AACL), executed a Share Purchase Agreement (SPA) on June 08, 2026 for the acquisition of 100% equity shares of Portus Ventures Private Limited (PVPL). The company received this information on June 08, 2026 at 05:40 PM.
The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Target Company Details
- Name: Portus Ventures Private Limited (PVPL)
- Authorised Share Capital: INR 1,00,000/-
- Paid-up Share Capital: INR 1,00,000/-
- Turnover: Nil (yet to commence business operations)
- Industry: Real Estate, Hotels, Motels and Resorts
- Date of Incorporation: April 02, 2024
- Registration: Registered with the Registrar of Companies, Gujarat, Ahmedabad
- Business Objects: To undertake real estate activities with owned or leased property, construction of buildings carried out on own-account basis or on a fee or contract basis, Hotels and Motels, resorts providing short term lodging facilities
Transaction Details
- Acquirer: Adani Airport City Limited (AACL)
- Target: 100% equity share capital of PVPL
- Consideration: Cash consideration
- Related Party Transaction: No
- Governmental/Regulatory Approvals: Not required
- Completion Timeline: Acquisition shall be completed by June 17, 2026
- Transaction Purpose: To support real estate development and hospitality business activities
Financial Impact
Financial impact not quantified in the disclosure. The target company has no turnover as it has yet to commence business operations.