Announced Thu, 13 Aug · 18:09 IST
Adani Enterprises subsidiary acquires Path Highways LLP for INR 91.34 crore
ADANIENT · price
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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹2964.90
prior close
₹2965.00
base price
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AI summary
Adani Road Transport (wholly owned subsidiary) and GRICL together acquired 100% of Path Highways LLP from Prakash Asphalting and Tolls Highway and Neeti Agarwal for INR 91.34 crore in cash. PATH held 25.99% stake each in three road assets (MRRL, SKRL, BPRL). After this, ARTL will hold 99.99% shareholding in these three road projects. Deal completed on Aug 13, 2026. Part of strategy to expand road infrastructure footprint.
Likely market impact
Consolidates three road assets under subsidiary, strengthening road infrastructure portfolio. Modest cash outlay of INR 91.34 cr.