Adani Enterprises subsidiary Adani Airport Holdings Limited (AAHL) has completed a significant divestment in its food and beverage business. The company has sold a 25% stake in World Plate Collective Cuisines Limited (WPCCL) to AJ Holding Limited, a UAE-based food and beverage company.

Transaction Details

Ownership Structure Post-Transaction

The transaction, which was completed on December 2, 2025, has altered the ownership structure of WPCCL. AAHL now holds 75% of the equity shares, while AJ Holding owns the remaining 25%.

About AJ Holding Limited

AJ Holding Limited is described as a non-promoter entity with a significant presence in the food and beverage industry. The company's portfolio includes:

• Restaurant operations
• Cloud kitchens
• Coffee ventures

AJ Holding operates directly or through franchise partnerships across the UAE and India, managing over 15 proprietary F&B brands.

Financial Impact

According to the LODR data provided, WPCCL reported nil turnover for FY 2024-25 and had a negative net worth of Rs. 9.54 lakhs as of March 31, 2025.

This strategic move by Adani Airport Holdings Limited appears to be part of its portfolio management strategy, potentially allowing it to focus on its core airport operations while bringing in a specialized partner for its food and beverage subsidiary.

The transaction underscores the dynamic nature of the Adani Group's business operations and its willingness to forge partnerships in diverse sectors.

Adani Enterprises , the flagship company of one of India's largest conglomerates, has announced a bold financial strategy to raise 1 trillion rupees (approximately $12 billion) in debt by 2030. This ambitious plan, revealed by the Group's Chief Financial Officer, aims to fuel significant expansion in the energy and logistics sectors.

Key Points of the Debt Plan

• Total Debt Target: 1 trillion rupees by 2030
• Allocation: 98% for energy and logistics projects
• Project Timelines: 1-20 years
• Annual Debt Repayment Target: 12.5% of total debt

Debt Structure and Strategy

The Adani Group has outlined a clear structure for its debt issuance:

• Retail Bonds: Limited to 3-5 year duration
• Retail Bond Proportion: 10% of total issuance
• Acquisition Strategy: Minimal spending on acquisitions
• Jaiprakash Associates: No additional funds allocated for assets

Financial Position

To provide context for this ambitious debt plan, let's examine Adani Group's current financial position based on its consolidated balance sheet:

The Group's balance sheet shows significant growth in assets and equity, indicating a strong financial foundation for its ambitious debt-raising plans.

Implications and Outlook

This strategic move by the Adani Group signals a strong focus on long-term growth in the energy and logistics sectors. By allocating 98% of the raised funds to these areas, the company is positioning itself to capitalize on India's growing infrastructure and energy needs.

The Group's approach to debt management, including the annual repayment target of 12.5%, suggests a balanced strategy to maintain financial health while pursuing expansion. The limited focus on acquisitions and the decision not to allocate additional funds for Jaiprakash Associates assets indicate a disciplined approach to growth.

As the Adani Group embarks on this significant financial journey, stakeholders will be closely watching how this debt strategy unfolds and its impact on the company's long-term growth and market position in the energy and logistics sectors.