Adani Enterprises Limited has informed the Exchange about Agreements

Adani Enterprises has signed Share Purchase and Shareholders Agreements with MetTube Mauritius Private Limited (part of the Metdist Group) to form a 50:50 partnership in the copper tubes business. Under the deal, AEL will divest 50% of its wholly-owned subsidiary Kutch Copper Tubes Limited (KCTL) to MetTube, and concurrently acquire 50% of MetTube's wholly-owned subsidiary MetTube Copper India Private Limited (MCIPL). After completion, KCTL will cease to be a subsidiary of AEL, and both companies will hold equal stakes with equal board representation and shared governance. The partnership combines Adani's copper manufacturing infrastructure at Mundra (including a 0.5 MTPA copper refinery) with MetTube's 50+ years of global copper tube expertise. The aim is to reduce India's dependence on imported copper tubes for HVAC, refrigeration, and plumbing applications.