Mumbai: Adani Road Transport Ltd (ARTL), a wholly-owned subsidiary of Adani Enterprises, has signed a share purchase agreement to acquire a 100% stake in DP Jain ToT Toll Roads Pvt Ltd (DPJTOT) for an enterprise value of ₹1,342 crore. The deal, announced on September 12, is subject to regulatory approvals and customary conditions.
DPJTOT was incorporated in May 2021 as a special purpose vehicle (SPV) for tolling, operation, and maintenance of the Palanpur–Radhanpur–Samkhiyali section of...Read More