Business EconomyPosted at: Mar 10 2026 7:54PM


Adani completes purchase of DP Jain TOT Toll Roads

Mumbai, March 10 (UNI) Adani Enterprises Limited informed the stock exchanges today that it has successfully acquired the remaining 49 per cent equity share capital and 100 pc optionally convertible redeemable preference shares of D P Jain TOT Toll Roads Private Limited (DPJ TOT) through its wholly-owned subsidiary Adani Road Transport Limited (ARTL).
The transaction was confirmed to have been executed at an “arm’s length” basis. The consideration for the balance shares was paid in cash, based on an enterprise value not exceeding Rs 1,342 crore as of September 30, 2025, subject to closing adjustments. The company has formally notified the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) about the transaction under Regulation 30 of SEBI Listing Regulations.
After this transaction, DPJ TOT has become a fully-owned subsidiary of ARTL, strengthening Adani’s presence in road infrastructure development across Gujarat, according to the statement.
The acquisition was completed in phases, with ARTL initially acquiring 51 pc of DPJ TOT's equity share capital in February 2026, followed by the remaining 49 pc stake completion on March 10, 2026. The transaction was executed under a share purchase agreement originally signed on September 12, 2025. The intimation of completion was received by the company on March 10, 2026 at 2:38 pm, according to the statement.
DPJ TOT, which was incorporated on May 6, 2021, holds the concession agreement for tolling, operation, maintenance and transfer of the Palanpur-Radhanpur-Samkhayali section of NH-27 highway in Gujarat.
With DPJ TOT now becoming a wholly-owned subsidiary of ARTL, the Adani Group has strengthened its position in the toll road operations sector, the statement mentioned.
UNI BA SS
Please log in to get detailed story.
Tags: #Adani completes purchase of DP Jain TOT Toll Roads
More News

17 Apr 2026 | 4:59 PM

New Delhi, Apr 17 (UNI) India may face mounting pressure on its current account deficit (CAD), which could rise to around 2 per cent of GDP if global oil prices increase, according to a report by CRISIL.

see more..

Markets rebound: Sensex jumps 505 pts, Nifty tops 24,300

17 Apr 2026 | 4:36 PM

New Delhi, April 17 (UNI) The Indian stock market on Friday recouped losses and ended higher. Nifty was above 24,300, supported by positive geopolitical developments. At close, the Sensex was up 504.86 points or 0.65 percent at 78,493.54, and the Nifty was up 156.80 points or 0.65 percent at 24,353.55.

see more..

ASMS, UAL Biotech Sign MoU to Promote Sustainable Agriculture

17 Apr 2026 | 3:30 PM

Hyderabad, Apr 17 (UNI): Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Limited, on Friday said it has signed a Memorandum of Understanding (MoU) with UAL Biotech Pte Ltd, a Singapore-based bio-innovation company, to explore opportunities in sustainable agriculture and rural ecosystem development.

see more..

FSSAI directs States to intensify checks on use of prohibited fruit ripening agents

17 Apr 2026 | 3:07 PM

New Delhi, Apr 17 (UNI) The Food Safety and Standards Authority of India (FSSAI) has directed all States and union Territories to step up surveillance and enforcement against the use of unauthorized and hazardous artificial ripening agents in fruits, reiterating that substances such as calcium carbide are strictly prohibited.

see more..

Gautam Adani surpasses Mukesh Ambani to become Asia's richest person

17 Apr 2026 | 1:51 PM

New Delhi, April 17 (UNI) Gautam Adani surpasses Mukesh Ambani to become Asia's richest person, fueled by gains in Adani Group stock values. Adani's wealth stands at $92.6 billion, while Ambani's is about $90.8 billion, according to the Bloomberg Billionaire Index. Both tycoons are among the top 20 richest people in the world."

Mukesh Ambani had long held the position, and now follows closely. While the gap remains narrow, the change highlights the volatile nature of global wealth movements.

see more..