Transaction: Acquisition of 100% equity stake in MBEL by ACX
Consideration: Cash payment of ₹765.25 crores
Completion Status: Transaction is completed
Date of Intimation: Received by Adani Enterprises on June 11, 2026 at 7:10 PM
Target Company Profile (MBEL)
Incorporation Date: November 11, 2019
Registered with: Registrar of Companies, Gujarat
Business Activity: Infrastructure development activities (yet to commence commercial operations)
Capital Structure: Authorized Share Capital: ₹10,000; Paid-up Share Capital: ₹10,000
Financials: Turnover is nil as the company is pre-revenue
Assets: MBEL owns a sizeable land parcel and has secured key licenses to commence infrastructure activities
Transaction Rationale and Impact
Purpose: The object of acquisition is to set up infrastructure facilities. The acquisition provides ACX with a head start in infrastructure activities due to MBEL's land holdings and secured licenses.
Related Party Status: The acquisition is not a related party transaction for Adani Enterprises Limited as per SEBI LODR provisions. However, the target entity (MBEL) is controlled, directly/indirectly, by the promoter/promoter group of Adani Enterprises.
Transaction Basis: The transaction has been done at arms' length basis.
Regulatory Approvals: No governmental or regulatory approvals were required for this acquisition.
