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 ' joint venture, Adani ConneX Private Limited, has completed the acquisition of Trade Castle Tech Park Private Limited (TCTPPL) for ₹231.34 crore. This acquisition marks a significant step in the company's efforts to enhance its capabilities in the tech infrastructure sector.

Key Details of the Acquisition

Strategic Implications

The full acquisition of Trade Castle Tech Park by Adani ConneX aims to boost the company's infrastructure expansion capabilities. This move aligns with Adani Enterprises' broader strategy to strengthen its position in the technology and infrastructure sectors.

About Adani ConneX

Adani ConneX is a joint venture of Adani Enterprises, reflecting the company's commitment to diversifying its portfolio and expanding into technology-related infrastructure. This acquisition demonstrates the venture's approach to growth and its focus on enhancing its asset base in strategic areas.

With the completion of this acquisition, TCTPPL has become a step-down joint venture of Adani Enterprises. The acquisition is expected to contribute to Adani ConneX's overall infrastructure and technological capabilities.

Stakeholders and industry observers will be keen to see how Adani ConneX leverages this new asset within its expanding portfolio of technology-related infrastructure.