Adani Enterprises Limited has informed the Exchange about Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Adani Enterprises' wholly owned subsidiary, Adani Airport Holdings Limited (AAHL), has acquired 100% equity shares of SKYIWAVE Private Limited for a cash consideration of INR 3 crore. The Share Purchase Agreement was signed and the acquisition was completed on the same day, March 30, 2026, making SKYIWAVE a step-down subsidiary of Adani Enterprises. SKYIWAVE operates in the Out of Home (OOH) advertising, hoardings, and innovative media solutions space. The target company is relatively small, with a turnover of just Rs. 16.51 lakhs in FY25, Rs. 15 lakhs in FY24, and Rs. 17.64 lakhs in FY23. The deal is not a related party transaction and no regulatory approvals were required.
This is a small, bolt-on acquisition in the OOH advertising space, likely aimed at strengthening Adani's airport advertising and media capabilities. Given the tiny size of SKYIWAVE (turnover under Rs. 20 lakhs) and the modest Rs. 3 crore price tag, the financial impact on Adani Enterprises is negligible and unlikely to move the stock price.