Adani Airport Holdings Completes INR 3 Crore Acquisition of Skyiwave

Adani Enterprises ' subsidiary Adani Airport Holdings Limited has completed the acquisition of 100% equity stake in Skyiwave Private Limited for INR 3 crore, marking the company's entry into the Out of Home advertising and media solutions sector.

Transaction Completion

Adani Airport Holdings Limited executed the Share Purchase Agreement on March 30, 2026, and completed the acquisition process on the same day, taking operational control of Skyiwave. The transaction makes Skyiwave a wholly owned subsidiary of AAHL and a step-down subsidiary of Adani Enterprises.

Parameter:	Details
Acquisition Cost:	INR 3 crore
Equity Stake Acquired:	100%
Transaction Date:	March 30, 2026
Consideration Type:	Cash

Target Company Profile

Skyiwave Private Limited, incorporated on January 22, 2016, operates in the Out of Home advertising, hoardings, and innovative media solutions industry. The company is registered with the Registrar of Companies, Gujarat at Ahmedabad.

Financial Details:	Amount
Authorised Share Capital:	INR 1.00 crore
Paid-up Share Capital:	INR 50.00 lakhs
FY25 Turnover:	Rs. 16.51 lakhs

Historical Performance

Skyiwave's revenue performance over the last three financial years shows:

Financial Year:	Turnover
FY23:	Rs. 17.64 lakhs
FY24:	Rs. 15.00 lakhs
FY25:	Rs. 16.51 lakhs

Strategic Rationale

The acquisition enables Adani Airport Holdings to operate and maintain OOH advertising, hoardings, and innovative media solutions, diversifying beyond its core airport infrastructure business. This transaction does not fall within related party transactions and required no governmental or regulatory approvals.

Adani Enterprises disclosed this information on March 30, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.52%	-8.73%	-18.64%	-28.68%	-23.24%	+75.87%

Adani Enterprises Limited has successfully completed the early full redemption of Non-Convertible Debentures (NCDs) worth ₹1,950 crore on March 25, 2026. The company made the payment to concerned debenture holders and the debenture trustee as agreed, following the Management Committee's approval granted on March 24, 2026.

NCD Redemption Details

The redemption covers unlisted, secured, unrated, redeemable Non-Convertible Debentures with a face value of ₹1,00,000 each. These NCDs were originally issued and allotted by the company on a private placement basis during 2023.

Parameter:	First Tranche (INE423A07294)	Second Tranche (INE423A07302)
Number of Debentures:	1,25,000	70,000
Amount:	₹1,250,00,00,000	₹700,00,00,000
Issue Date:	July 11, 2023	October 11, 2023
Face Value per NCD:	₹1,00,000	₹1,00,000

Management Committee Decision and Execution

The Management Committee of the Board of Directors had approved the early full redemption during their meeting held on March 24, 2026, which commenced at 11:30 a.m. and concluded at 12:15 p.m. The company has now executed this decision by making the due consideration payment on March 25, 2026, as communicated to both BSE Limited and National Stock Exchange of India Limited.

Corporate Communication and Compliance

The formal intimation was signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal), holding membership number FCS-3064. The communication was addressed to both major stock exchanges where the company's shares are listed under scrip codes 512599 (BSE) and ADANIENT (NSE), ensuring compliance with regulatory disclosure requirements under Regulation 30. The company maintains its corporate headquarters at Adani Corporate House, Shantigram, Near Vaishno Devi Circle, Ahmedabad, Gujarat.