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The latest announcement is out from Adani Enterprises Limited ( (IN:ADANIENT) ).
Adani Enterprises Limited announced the signing of a Securities Purchase Agreement by its subsidiaries, Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore), with ENERGICO FZCO for the divestment of their entire stake in PT Adani Global (Indonesia). This transaction, valued at USD 125 million, is expected to be completed by November 30, 2025. The divestment will result in PT Adani Global (Indonesia) and its subsidiaries ceasing to be part of Adani Enterprises, impacting the company’s consolidated revenue and net worth by 0.83% and 1.11% respectively. This strategic move is likely to streamline Adani’s operations and potentially reallocate resources towards its core business areas.
More about Adani Enterprises Limited
Adani Enterprises Limited is a major player in the conglomerate industry, focusing on a diverse range of sectors including energy, resources, logistics, agribusiness, and more. The company operates globally and is known for its significant investments and operations in infrastructure and energy projects.
Average Trading Volume: 65,879
Technical Sentiment Signal: Hold
Current Market Cap: 2791.8B INR
For a thorough assessment of ADANIENT stock, go to TipRanks’ Stock Analysis page.