Synopsis:
Adani Road Transport signed an agreement to acquire 100 percent of DPJTOT for up to Rs. 1,342 crores, strengthening its infrastructure portfolio and expanding its presence in the toll road sector.
During Friday’s trading session, shares of a flagship company of Adani Group and one of India’s largest business organisations are in focus on the stock exchanges, after the company’s wholly owned subsidiary signed an agreement to acquire a 100 percent stake in DP Jain TOT Toll Roads for Rs. 1,342 crore.
At 12:18 p.m., the shares of Adani Enterprises Limited were trading in the green at Rs. 2,401.8 on BSE, as against its previous closing price of Rs. 2,400.25, with a market cap of Rs. 2.77 lakh crores. The stock has delivered negative returns of over 19 percent in the last one year, but has gained by around 5 percent in the last one month.
What’s the News
According to the latest filings, Adani Road Transport Limited (ARTL), a wholly owned subsidiary of Adani Enterprises Limited, has executed a Share Purchase Agreement (SPA) with D P Jain TOT Toll Roads Private Limited (DPJTOT), D P Jain & Co Infrastructure Private Limited, and DPJDRA Tollways Private Limited to acquire a 100 percent stake in DPJTOT.
Under the agreement, ARTL will acquire the entire stake in DPJTOT at an enterprise value not exceeding Rs. 1,342 crores, based on valuations as of 30th September 2025.
Financials & more
Adani Enterprises reported a decline in its revenue from operations, showing a year-on-year decrease of around 14 percent from Rs. 25,472 crores in Q1 FY25 to Rs. 21,961 crores in Q1 FY26. Likewise, its net profit decreased during the same period from Rs. 1,772 crores to Rs. 976 crores, representing a fall of around 45 percent YoY.
Adani Enterprises Limited (AEL), the flagship company of the Adani Group and the largest listed incubator, is engaged in the business of integrated resources management, mining services and other trading activities. It operates as an incubator, establishing new businesses in various areas like new energy ecosystem, data centre, airports, roads, copper, digital space and others.
In Q1 FY26, AEL’s subsidiary, Adani Commodities LLP, sold a 10.42 percent stake in AWL Agri Business Limited through a block deal and realised Rs. 3,700 cr (before tax). Additionally, it signed a Share Purchase Agreement with Wilmar Group for transferring the remaining stake of up to 20 percent.
In July 2025, AEL raised Rs. 1,000 crore through its second public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs). The issue was fully subscribed within three hours of its launch, with maximum participation from non-institutional investors.
Written by Shivani Singh
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