Adani Airport City Limited Acquires 100% Equity in Real Estate Venture Portus Ventures Private Limited
Adani Airport City Limited (AACL), a wholly owned step down subsidiary of Adani Enterprises Ltd, has executed a Share Purchase Agreement with Portus Ventures Private Limited (PVPL) and its existing shareholders. The acquisition involves AACL acquiring 100% equity stake in PVPL.The agreement was signed on June 08, 2026. This move positions AACL to undertake Real Estate activities across various sectors through the acquired entity.
Portus Ventures Private Limited is established in the Real Estate, Hotels, Motels and Resorts industry. The acquisition aims for the undertaking of real estate activities involving owned or leased property, as well as construction of buildings either on an own-account basis or via contract. Furthermore, PVPL is intended to operate Hotels, Motels, and resorts providing short term lodging facilities.
The transaction details are summarized below:
| Particular | Detail |
|---|---|
| Target Entity Name | Portus Ventures Private Limited (PVPL) |
| Industry Sector | Real Estate, Hotels, Motels and Resorts |
| Acquisition Status | 100% equity stake |
| Agreement Date | June 08, 2026 |
| Completion Timeline | By June 17, 2026 |
| Consideration Type | Cash consideration |
| Cost of Acquisition | INR 1.40 lakhs |
PVPL was incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on April 02, 2024. PVPL is yet to commence its business operations.
The financial details pertaining to Portus Ventures Private Limited are as follows:
| Financial Metric | Details |
|---|---|
| Authorized Share Capital | INR 1,00,000/- |
| Paid-up Share Capital | INR 1,00,000/- |
| Turnover | Nil (yet to commence business operations) |
ADANIENT Stock Price Movement
Shares of Adani Enterprises Limited slipped today, settling at ₹2970 after shedding 2.89% in post-market trading. The equity saw a daily volume of 1.65 million shares following a session that had previously tested the stock's 52-week high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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