Adani Enterprises ' joint venture, AdaniConnex Private Limited, has acquired a 100% stake in Madhuvanti Build Estate Limited (MBEL) from Adani Infra (India) Limited for a total cash consideration of ₹765.25 Crores. The transaction, completed on June 11, 2026, is aimed at building infrastructure facilities. MBEL is an early-stage infrastructure company incorporated in 2019 that owns a sizeable land parcel and holds key development licenses, providing a strategic advantage for the joint venture's expansion plans.

Acquisition Details

The acquisition was executed at arm's length, though the target entity is controlled by the promoter or promoter group of Adani Enterprises. The deal was funded entirely through cash consideration against shares. No governmental or regulatory approvals were required for the transaction to be completed.

Target Profile

MBEL is registered with the Registrar of Companies in Gujarat and operates within the infrastructure development sector. While the company has not yet commenced commercial activities and reports nil turnover, it has secured essential licenses to begin infrastructure operations. The acquisition of MBEL allows AdaniConnex to leverage these assets to accelerate its infrastructure development projects.

Adani Enterprises Limited announced that its wholly owned step-down subsidiary, Adani Airport City Limited, has completed the acquisition of 100% of the equity share capital of Portus Ventures Private Limited. The transaction was finalized on June 10, 2026, pursuant to a share purchase agreement executed on June 08, 2026. This strategic acquisition allows the conglomerate to undertake real estate activities, including construction and hospitality services, through the newly acquired entity.

The acquisition does not constitute a related party transaction, and no promoters or group companies hold any interest in Portus Ventures Private Limited. Consequently, the transaction was conducted at arm's length. No governmental or regulatory approvals were required to finalize this deal, simplifying the procedural aspects of the takeover.

About the Target Entity

Portus Ventures Private Limited was incorporated in India on April 02, 2024, and is registered with the Registrar of Companies in Gujarat, Ahmedabad. The target entity has an authorised and paid-up share capital of INR 1,00,000 each. Currently, the company has recorded nil turnover as it is yet to commence business operations.

The primary object of the acquisition is to engage in real estate activities using owned or leased property. This includes the construction of buildings on an own-account basis or on a fee or contract basis. Additionally, the entity will focus on operating hotels, motels, and resorts that provide short-term lodging facilities.

Key Acquisition Details

The following table outlines the key financial and structural details of the acquisition: