Adani Enterprises Arm Adani Airport Holdings to Divest 25% Stake in World Plate Collective Cuisines

Adani Enterprises Limited (AEL) announced that its wholly owned subsidiary, Adani Airport Holdings Limited (AAHL), has executed a Share Purchase Agreement (SPA) and Joint Venture Agreement (JVA) with AJ Holding Limited for the divestment of a 25% stake in its subsidiary, World Plate Collective Cuisines Limited (WPCCL). The transaction was finalised on November 10, 2025, marking a key strategic step in AAHL’s business portfolio optimisation.

Details of the 25% Stake Sale

AAHL currently holds 100% of WPCCL’s equity shares. Following this transaction, AAHL will retain a 75% shareholding, while AJ Holding Limited will own the remaining 25%. The agreements define that the WPCCL board will comprise 4 directors, 3 nominated by AAHL and 1 by AJ Holding Limited. The structure aims to ensure collaborative governance and continued strategic alignment between the partners.

Nature and Objective of the Agreement

The divestment by AAHL is part of its broader strategy to create value through partnerships and strengthen operational capabilities within its airport and hospitality ecosystem. WPCCL, a wholly owned AAHL subsidiary before the transaction, operates in the premium culinary and hospitality segment, supporting Adani’s integrated airport operations. AJ Holding Limited, an independent entity, is not part of the Adani promoter group.

Read More: Adani Enterprises Incorporates a Wholly Owned Subsidiary Brahmani Barrage Water Limited!

Key Terms and Governance Rights

Under the terms of the JVA, both parties will have defined governance rights, including director appointment privileges and participation in future share issuances. AAHL will maintain majority control and decision-making authority, ensuring operational continuity. The agreement does not fall under related-party transactions and has been executed at arm’s length terms.

Board Oversight and Compliance

The company confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars governing disclosure of corporate transactions. The disclosure was formally communicated to BSE and NSE by Adani Enterprises Company Secretary and Joint President (Legal), Jatin Jalundhwala, on November 10, 2025.

Adani Enterprises Share Price Performance

On November 11, 2025, Adani Enterprises share price opened at ₹2,368.00 on NSE, below the previous close of ₹2,370.70. During the day, it surged to ₹2,371.90 and dipped to ₹2,360.30. The stock is trading at ₹2,361.60 as of 9:19 AM. The stock registered a marginal change of -0.38%.

Over the past week, it has declined by 2.41%, over the past month, it has declined by 6.56%, and over the past 3 months, it has moved up by 3.42%..

Conclusion

The divestment by Adani Airport Holdings represents a strategic realignment to attract global partners in hospitality and aviation-linked ventures. Retaining a 75% stake allows Adani to preserve majority control while enabling operational collaboration with AJ Holding. The move underscores the group’s commitment to expanding its airport and lifestyle ecosystem through joint ventures and sustainable partnerships.

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