Adani Enterprises Ltd. — Capital/Financing Update 2018

Sep 21, 2018

I

21st September, 2018

BSE Limited

P J Towers, Dalal Street, Mumbai - 400001 National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Sandra (E), Mumbai - 400051

Scrip Code: 512599 Scrip Code: ADANIENT

Dear Sir,

Sub: Intimation for Incorporation of a Wholly Owned Subsidiary ("WOS").

With reference to the captioned subject, we would like to inform you that Company has incorporated a wholly owned subsidiary namely, "Bailadila Iron Ore Mining Private Limited" ("BIOMPL") on 20th September, 2018.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR I CFO I CMD I 4/2015 dated 9th September, 2015 are as under:-

Sr.	Particulars	Details
No.
a)	Name of the target entity, details	"BailadilaIronOreMiningPrivate
	in brief such as size, turnover etc.	Limited" ("BIOMPL")
		AuthorizedShareCapital:i)
		Rs.10,00,000/-(Rupees Ten Lakhs
		Only).
		ii)Paid-UpShareCapital:
		Rs.10,00,000/-(Rupees Ten Lakh
		Only).
		iii)Turnover:Nil(yet to commence
		business operations)
b)	Whether the acquisition would fall	No
	within related party transaction(s)
	andwhetherthepromoter/
	promoter group/ group companies
	entityhaveany interest inthe
	being acquired? If yes, nature of
	interest and details thereof and
	whether the same is done at "arms
	length".

Adani Enterprises Ltd Adani House, Nr Mithakhali Circle. Navrangpura Ahmedabad 380 009 Gujarat, India CIN: L51100GJ1993PLC019067

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 info@adani.com www.adani.com

Registered Office : Adani House, Nr. Mithakhali Circle, Navrangpura, Ahmedabad 380 009, Gujarat, India

Sr.	Particulars	Details
No.
c)	Industry to which the entity being	BIOMPLyettocommenceitsis
	acquired belongs	business operations.
d)	Objects and effects of acquisition	Adani Enterprises Limited (AEL) being
	(includingbutnotlimitedto,	a successful bidder for selection of
	offordisclosurereasons	MineDeveloper-Cum-Operator
	acquisition of target entity, if its	(MOO) for Bailadila Iron Ore Deposit
	business is outside the main line	No. 13, Kirandul, Dantewada District,
	of business of the listed entity)	Chhattisgarh,IndiabyNMDC-CMDC
		Limited (NCL). As per Tender, Iron Ore
		Mining Services Agreement (IMSA) has60towithinbesigneddaysfrom
		issuance of LOA and AEL may form
		100% owned Special Purpose Vehicle
		(SPV) to act as the MOO and sign the
		IMSA with NCL and such SPV shall be
		formed within 30 days from the date
		ofofissuetheLOAbyNCL.
		Accordingly, Bailadila Iron Ore Mining
		Private Limited is formed as SPV of
		AEL for execution of IMSA with NCL.
e)	Brief details of any governmentalor regulatory approvalsrequired	No
	for the acquisition.
f)	Indicativetimeperiodfor	N.A.
	completion of the acquisition
g)	Nature of consideration -whether	Cash
	cash consideration or share swap
	and details of the same;
h)	Cost of acquisition or the price at	Rs. 10,00,000 (1,00,000 Equity Shares
	which the shares are acquired;	of Rs. 10 each)
i)	ofIPercentageshareholdingcontrol acquired and I or number	100%
	of shares acquired;
j)	Brief background about the entity	BIOMPL is incorporated in India and
	acquired in terms of products/line	withofregisteredtheRegistrar
	ofofbusinessacquired,date	Companies, Gujarat at Ahmedabad on
	ofincorporation,historylast3	20th September, 2018 andis yet to

Adani Enterprises Ltd Adani House, Nr Mithakhali Circle, Navrangpura Ahmedabad 380 009 Gujarat, India CIN: L51100GJ1993PLC019067

Tel + 91 79 2656 5555 Fax+ 91 79 2555 5500 info@adani.com www.adani.com

Registered Office : Adani House, Nr. Mithakhali Circle, Navrangpura, Ahmedabad 380 009, Gujarat, India

I

Sr.	Particulars	Details
No.
	years turnover, country in which	commence its business operations.
	the acquired entity has presence
	anyandothersignificant
	information (in brief);

Kindly take the same on your record.

Thanking you,

Yours faithfully, For Adani Enterprises Limited

Jatin Jalundhwala Company Secretary 8 ~·Vice President (Legal)

Adani Enterprises Ltd Adani House. Nr Mithakhali Circle, Navrangpura Ahmedabad 380 009 Gujarat, India CIN: L51100GJ1993PLC019067

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 info@adani.com www.adani.com

Registered Office: Adani House, Nr. Mithakhali Circle, Navrangpura, Ahmedabad 380 009, Gujarat. India