Adani Enterprises Limited has announced that its wholly owned subsidiary, Adani Road Transport Limited (ARTL), has signed a Share Purchase Agreement with D P Jain TOT Toll Roads Private Limited (DPJTOT), along with D P Jain & Co Infrastructure Private Limited and DPJ-DRA Tollways Private Limited, to acquire 100% stake in DPJTOT. The agreement was executed on 11th September 2025, and the transaction is subject to regulatory approvals and customary conditions.
The acquisition will be completed at an enterprise value not exceeding INR 1,342 crore as of 30th September 2025. Before this deal, ARTL did not hold any stake in DPJTOT. This transaction is not considered a related party deal, and there are no shares being issued to the involved parties. Additionally, the agreement does not involve any board nominees or conflicts of interest.
This strategic move reinforces Adani Enterprises’ commitment to expanding its road transport and toll road infrastructure portfolio in India.
