Adani Enterprises Limited informed exchanges that its wholly owned subsidiary, Adani Airport Holdings Limited, executed a Share Purchase Agreement with SKYIWAVE Private Limited and its shareholders on 30 March 2026.
The transaction was completed on the same day, with AAHL taking full operational control. SKYIWAVE has since become a wholly owned subsidiary of AAHL and a step-down subsidiary of Adani Enterprises.
The acquisition was carried out through a cash payment of ₹3 crore. AAHL has acquired 100% of the equity share capital of SKYIWAVE.
The company stated that the transaction does not qualify as a related party deal. No regulatory or governmental approvals were required, and the process was completed within the same day.
SKYIWAVE operates in the out-of-home (OOH) advertising segment, covering hoardings and related media formats. It was incorporated on 22 January 2016 and is registered in Ahmedabad.
The company has reported limited scale operations. Turnover stood at ₹17.64 lakh in FY23, ₹15.00 lakh in FY24, and ₹16.51 lakh in FY25. Authorised share capital is ₹1 crore, with paid-up capital at ₹50 lakh.
According to the disclosure, the acquisition is intended to support operations and maintenance of OOH advertising assets, including hoardings and media solutions.
Such activities are typically linked to non-aeronautical revenue streams in airport infrastructure, where advertising forms a supplementary source of income.
Adani Enterprises stated that information regarding the transaction was received on March 30, 2026. The disclosure has been made in line with SEBI’s listing regulations.
As of April 1, 2026, 9:44 am, Adani Enterprises Ltd share price was trading at ₹1,835.00, up 4.33% from the previous closing price.
The acquisition adds a small-scale advertising business to AAHL’s portfolio. With full ownership now in place, SKYIWAVE will operate within the Adani group structure following the completion of the transaction on 30 March 2026.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 1, 2026, 10:26 AM IST
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