Adani Enterprises subsidiary completes 51% stake buy in DPJ TOT Toll Roads
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Adani Road Transport Limited (ARTL), a wholly owned subsidiary of Adani Enterprises, completed the acquisition of 51% equity stake in D P Jain TOT Toll Roads Private Limited on February 10, 2026. The full deal is for 100% at an enterprise value not exceeding INR 1,342 crore in cash, with NHAI already approving it. DPJ TOT holds a toll road concession on NH-27 in Gujarat. FY25 turnover was INR 147 crore. The remaining 49% will be acquired later subject to conditions.
Expands Adani Enterprises' road infrastructure footprint via its subsidiary. Deal worth up to INR 1,342 crore aligns with core growth strategy.