Adani Road Transport to Acquire D P Jain TOT Toll Roads for Up to INR 1,342 Crores
Adani Enterprises Limited's subsidiary, Adani Road Transport Limited, has agreed to acquire a 100% stake in D P Jain TOT Toll Roads Private Limited for an enterprise value not exceeding ₹1,342 crores. The Share Purchase Agreement was signed on September 11, 2025, marking a significant expansion in Adani's road infrastructure portfolio. The deal is subject to regulatory approvals and is not a related party transaction.

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Adani Enterprises Limited (AEL) has announced a significant move in the infrastructure sector through its wholly-owned subsidiary, Adani Road Transport Limited (ARTL). The company is set to acquire a 100% stake in D P Jain TOT Toll Roads Private Limited (DPJTOT), marking a substantial expansion in its road infrastructure portfolio.
Key Details of the Acquisition
- Agreement Date: September 11, 2025
- Parties Involved:
- Adani Road Transport Limited (Acquirer)
- D P Jain TOT Toll Roads Private Limited (Target)
- D P Jain & Co Infrastructure Private Limited
- DPJ-DRA Tollways Private Limited
- Transaction Value: Enterprise Value not exceeding INR 1,342.00 crores as of September 30, 2025
- Stake Acquisition: 100% stake in DPJTOT
Transaction Highlights
The Share Purchase Agreement (SPA) was executed on September 11, 2025, as disclosed by Adani Enterprises to the stock exchanges. This strategic move aligns with Adani Group's ongoing efforts to strengthen its presence in the infrastructure sector, particularly in road transportation.
Regulatory Compliance and Transparency
Adani Enterprises has ensured full compliance with regulatory requirements by promptly disclosing the details of the transaction. Key points from the regulatory filing include:
- The transaction is subject to customary conditions and regulatory approvals.
- Adani Enterprises had no prior shareholding in DPJTOT at the time of agreement execution.
- The deal does not fall under the category of related party transactions.
Impact and Outlook
This acquisition is expected to bolster Adani Road Transport Limited's position in the toll road sector. While specific details about DPJTOT's assets and operations were not disclosed, the substantial transaction value suggests a significant addition to ARTL's infrastructure portfolio.
Market Implications
The move reflects the Adani Group's continued focus on expanding its infrastructure footprint across India. As the transaction progresses through regulatory channels, market observers will be keen to see how this acquisition fits into Adani Enterprises' broader strategy for growth in the transportation and infrastructure sectors.
Investors and stakeholders will likely monitor the integration process and the potential impact on Adani Enterprises' financial performance in the coming quarters. The successful completion of this deal could signal further expansion plans in the road infrastructure segment for the Adani Group.
Historical Stock Returns for Adani Enterprises
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.09% | +5.24% | +4.93% | +7.10% | -19.73% | +719.00% |