Adani Enterprises Ltd. — Capital/Financing Update 2020

Feb 8, 2020

8th February. 2020

BSE Limited P J Towers. Dalal Street. Mumbai - 400001 National Stock Exchange of India Limited Exchange plaza. Sandra-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 Adani Airport Holdings Limited (AAHL). a Wholly Owned Subsidiary of the Company. has incorporated a WOS namely. "Sabarmati Infrastructure Services Limited" ("SISL") on 7th February. 2020.

The details as required under SESI (Listing Obligations and Disclosure Requirements) Regulations. 2015 read with SESI Circular No. CIR 1 CFD 1 CMD 1 4/2015 dated 9th September. 2015 are as under:-

Sr. No.	Particulars	Details
a)	Name of the target entity. details	Sabarmati Infrastructure Services
	in brief such as size, turnover etc.	Limited (SISL)
		i) Authorized Share Capital:
		Rs. 1,00,0001- (Rupees One Lakhs
		Only).
		ii) Paid-Up Share Capital:
		Rs. 1,00,0001- (Rupees One Lakhs
		Only).
		iii) Turnover: Nil (yet to commence
		business operations)
b)	Whether the acquisition would fall	No
	within related party transaction(s)
	whether the promoterl and
	promoter groupl group companies
	have any interest in the entity
	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. No.	Particulars	Details
c)	Industry to which the entity being	SISL is yet to commence its business
	acquired belongs	operations.
d)	Objects and effects of acquisition	Incorporated by Adani Airport Holdings
	not (including but limited to,	Limited, a was of the Company, for
	of for disclosure reasons	operating 8- maintaining the airports
	acquisition of target entity, if its	and carrying out the commercial
	business is outside the main line of	activities in and outside the airports.
	business of the listed entity)
e)	Brief details of any governmental	No
	or regulatory approvals required
	for the acquisition.
f)	Indicative period for time	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. 1.00,000 (10,000 Equity Shares of
	which the shares are acquired;	Rs. 10 each)
i)	of Percentage shareholding /	100%
	control acquired and / or number
	of shares acquired;
j)	Brief background about the entity	SISL is incorporated in India and
	acquired in terms of products/line	with registered of the Registrar
	of of business acquired, date	Companies, Gujarat at Ahmedabad on
	history of last 3 incorporation,	7th February, 2020 yet and is to
	years turnover, country in which	commence its business operations.
	the acquired entity has presence
	and other significant any
	information (in brief);

Kindly take the same on your record.

Thanking you,

Yours faithfully, For Adani Enterprises Limited

Jatin Jalundhwala Company Secretary 8- Joint 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@adanLcom www.adanLcom

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