By Adani Enterprises
Copyright indiatimes
ReutersGautam Adani
Mumbai: Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has agreed to acquire a 100% stake in DP Jain TOT Toll Roads Pvt Ltd (DPJTOT) for an enterprise value of ₹1,342 crore.The share purchase agreement between the parties entails Adani acquiring the stake from DPJTOT, D P Jain & Co Infrastructure Pvt Ltd, and DPJDRA Tollways Pvt Ltd, Adani Enterprises said in a regulatory filing on Friday. The deal is subject to regulatory approvals and fulfilment of customary conditions.ARTL is currently undertaking three major hybrid-annuity mode (HAM) model projects in Chhattisgarh and Telangana, and the Ganga Expressway project in Uttar Pradesh. As of June 30, the company posted a 90% completion update of its HAM model projects, while the expressway was reported as 85% complete.ARTL reported a 14% year-on-year decline in total income in the June quarter to ₹2,268 crore. However, earnings before interest, tax, depreciation and amortisation (Ebitda) grew 44% to ₹494 crore in the same period.Live EventsDP Jain and Co Infrastructure and DPJ-DRA Tollways are subsidiaries of Nagpur-based DP Jain Group, founded in 1975. DPJTOT was incorporated in 2021 to run operations on the NH-27 highway bundle in Gujarat.Add as a Reliable and Trusted News Source Add Now!
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onadani enterprisesAdani Road Transport LtdAdani EnterprisesDP Jain TOT Toll Roads Pvt LtdGanga Expressway projectGanga Expressway project in Uttar Pradeshartl(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
