Adani Enterprises Announces ₹765.25 Crore Acquisition of Madhuvanti Build Estate

Adani Enterprises announced that its joint venture, AdaniConneX Private Ltd (ACX), has acquired a 100% equity stake in Madhuvanti Build Estate Ltd (MBEL) for a cash consideration of ₹765.25 crore. The acquisition, disclosed in a regulatory filing on June 11, has been completed through a cash transaction. 

AdaniConneX Acquires Madhuvanti Build Estate 

The acquisition was disclosed by the company in a regulatory filing on June 11. Madhuvanti Build Estate Ltd has an authorised and paid-up share capital of ₹10,000 each and has not commenced commercial operations. The company has reported nil turnover. 

According to the filing, the acquisition by AdaniConneX Private Ltd does not fall under related-party transactions for Adani Enterprises Ltd. However, Madhuvanti Build Estate Ltd is controlled, directly or indirectly, by the promoter or promoter group, and the transaction has been undertaken on an arm's length basis. 

Madhuvanti Build Estate Ltd was incorporated on November 11, 2019, in Ahmedabad, Gujarat, to undertake infrastructure development activities. 

The company owns a sizeable land parcel and has secured key licences required to commence infrastructure operations, which Adani Enterprises said will provide a head start to AdaniConneX Private Ltd. The acquisition has been completed in cash and does not require any governmental or regulatory approvals. 

Adani Enterprises Q4 FY26 Results 

Adani Enterprises reported a net loss of ₹220.7 crore for Q4 FY26 compared with a profit of ₹3,844.9 crore in the corresponding quarter of the previous year. 

Revenue rose 20.3% year-on-year to ₹32,439.3 crore from ₹26,965.9 crore. EBITDA stood at ₹3,731 crore compared with ₹3,710 crore a year ago, while EBITDA margin narrowed to 11.5% from 13.8%. 

For FY26, the company reported total income of ₹1,02,943 crore, up 3% year-on-year, while EBITDA remained at ₹16,464 crore. Profit before tax stood at ₹4,309 crore, excluding the exceptional gain of ₹9,215 crore arising from the sale of its AWL stake and cement units to Ambuja Cements Ltd. Core infrastructure, incubating businesses and mining services contributed 80% of EBITDA during the year. 

Read More: Adani Enterprises Share Price in Focus; Step-Down Subsidiary to Acquire 100% Stake in Portus Ventures 

Adani Enterprises Share Price Performance 

As of 12:02 PM on June 12, Adani Enterprises share price was trading at around ₹2,908.20, almost flat compared to the previous day’s closing price on the BSE. During the session, the stock touched an intraday high of ₹2,970.90.  

The company's current market capitalisation stands at ₹3,76,076.80 crore. 

On June 11, Adani Enterprises share price ended at ₹2,908.15 on the BSE, down 0.76%. 

Conclusion 

AdaniConneX Private Ltd has completed the acquisition of Madhuvanti Build Estate Ltd for ₹765.25 crore through a cash transaction. The acquired company's land parcel and infrastructure licences are expected to support its infrastructure development activities, while investors also tracked Adani Enterprises' latest financial performance and share price movement. 

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